Zacks Research Upgrades Paladin Energy (OTCMKTS:PALAF) to “Strong-Buy”

Paladin Energy (OTCMKTS:PALAF) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

Several other equities research analysts have also weighed in on PALAF. The Goldman Sachs Group upgraded shares of Paladin Energy from a “sell” rating to a “neutral” rating and set a $10.20 price objective on the stock in a research note on Thursday. Royal Bank Of Canada upgraded Paladin Energy from a “hold” rating to an “outperform” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.20.

Paladin Energy Stock Down 1.9%

PALAF stock opened at $5.98 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.68 and a quick ratio of 2.65. Paladin Energy has a 12-month low of $4.65 and a 12-month high of $10.50. The stock’s 50 day simple moving average is $7.35 and its 200 day simple moving average is $7.56.

Paladin Energy (OTCMKTS:PALAF) last released its earnings results on Tuesday, August 25th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. The firm had revenue of $106.00 million during the quarter, compared to analyst estimates of $106.00 million. Paladin Energy had a net margin of 0.45% and a return on equity of 0.13%. On average, equities research analysts expect that Paladin Energy will post 0.05 earnings per share for the current year.

Paladin Energy Company Profile

Paladin Energy Ltd. is an Australian uranium company focused on the exploration, development and operation of uranium assets. Its principal product is uranium oxide concentrate, which is used as fuel in nuclear power generation.

The company’s flagship asset is the Langer Heinrich Uranium Project in Namibia’s Erongo region. The mine began commercial production in 2007 and was placed on care and maintenance in 2018 before Paladin completed a restart program. Production resumed in 2024, making Langer Heinrich the company’s primary operating asset.

Paladin also holds uranium exploration and development interests in Australia and Canada.