Paladin Energy (OTCMKTS:PALAF) Stock Price Down 7.9% – Should You Sell?

Paladin Energy Ltd. (OTCMKTS:PALAF) shares traded down 7.9% during trading on Friday . The stock traded as low as $8.00 and last traded at $8.00. 28,346 shares were traded during trading, a decline of 57% from the average daily volume of 65,826 shares. The stock had previously closed at $8.69.

Wall Street Analyst Weigh In

PALAF has been the subject of a number of research reports. Royal Bank Of Canada raised Paladin Energy from a “hold” rating to an “outperform” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group lowered Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 target price on the stock. in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.70.

Paladin Energy Stock Down 4.7%

The firm has a market cap of $3.72 billion, a PE ratio of -165.60 and a beta of 1.36. The company has a quick ratio of 4.12, a current ratio of 5.69 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $6.99 and a two-hundred day moving average price of $7.88.

Paladin Energy (OTCMKTS:PALAF) last released its earnings results on Tuesday, August 25th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. Paladin Energy had a return on equity of 0.13% and a net margin of 0.45%.The firm had revenue of $106.00 million during the quarter, compared to analyst estimates of $106.00 million. On average, equities research analysts expect that Paladin Energy Ltd. will post 0.02 EPS for the current year.

About Paladin Energy

Paladin Energy Ltd is an Australia‐based company engaged in the exploration, development and production of uranium concentrate for the global nuclear power industry. Primarily known for mining uranium oxide (U3O8), Paladin supplies a key fuel source used by utilities to generate low-carbon electricity. The company’s securities are traded on the OTC Markets under the ticker PALAF, alongside listings on the Australian Securities Exchange and the Toronto Stock Exchange.

Paladin’s flagship operation is the Langer Heinrich mine in Namibia, which recommenced production in 2021 following a period of care and maintenance.