Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – What’s Next?

Paladin Energy Ltd. (OTCMKTS:PALAFGet Free Report) shares gapped up prior to trading 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 research note on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 target price for the company. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.05.

Get Our Latest Stock Analysis on PALAF

Paladin Energy Stock Up 15.6%

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

Paladin Energy (OTCMKTS:PALAFGet Free Report) last announced its quarterly earnings data 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. As a group, equities research analysts expect 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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