Paladin Energy (OTCMKTS:PALAF) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Paladin Energy (OTCMKTS:PALAF) posted its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04, Zacks reports. Paladin Energy had a negative net margin of 7.08% and a negative return on equity of 1.90%. The firm had revenue of $106.00 million for the quarter, compared to analysts’ expectations of $106.00 million.

Paladin Energy Stock Up 0.1%

PALAF stock opened at $8.70 on Thursday. The business’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $7.87. The firm has a market capitalization of $3.91 billion, a PE ratio of -174.06 and a beta of 1.36. Paladin Energy has a 1-year low of $4.65 and a 1-year high of $10.50. The company has a current ratio of 5.69, a quick ratio of 4.12 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

A number of research firms recently commented on PALAF. Royal Bank Of Canada raised shares of Paladin Energy from a “hold” rating to an “outperform” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group downgraded shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 price target for the company. in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Paladin Energy currently has an average rating of “Hold” and a consensus price target of $9.70.

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.