Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – Time to Buy?

Shares of Paladin Energy Ltd. (OTCMKTS:PALAFGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $7.65, but opened at $8.39. Paladin Energy shares last traded at $8.86, with a volume of 142,490 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group initiated coverage on shares of Paladin Energy in a report on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 price target for the company. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Paladin Energy currently has a consensus rating of “Hold” and a consensus target price of $9.05.

Check Out Our Latest Stock Analysis on PALAF

Paladin Energy Trading Up 15.6%

The business’s 50 day moving average price is $6.07 and its 200-day moving average price is $5.43. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -73.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53.

Paladin Energy (OTCMKTS:PALAFGet Free Report) last posted its earnings results on Wednesday, November 12th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $35.97 million for the quarter, compared to analyst estimates of $35.98 million. On average, research analysts forecast that Paladin Energy Ltd. will post 0.06 EPS for the current year.

About Paladin Energy

(Get Free Report)

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.

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