Paladin Energy (OTCMKTS:PALAF) Sets New 12-Month High – Should You Buy?

Paladin Energy Ltd. (OTCMKTS:PALAF)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $9.95 and last traded at $9.8610, with a volume of 101692 shares. The stock had previously closed at $9.44.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on shares of Paladin Energy in a report on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 price target on the stock. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.05.

Paladin Energy Price Performance

The business’s 50 day moving average is $6.46 and its two-hundred day moving average is $5.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53. The firm has a market capitalization of $4.55 billion, a PE ratio of -84.42 and a beta of 1.34.

Paladin Energy (OTCMKTS:PALAF) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $35.97 million during the quarter, compared to the consensus estimate of $35.98 million. Equities research analysts anticipate that Paladin Energy Ltd. will post 0.06 earnings per share for the current fiscal year.

Paladin Energy Company Profile

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.