Paladin Energy (PALAF) Expected to Announce Quarterly Earnings on Tuesday

Paladin Energy (OTCMKTS:PALAF) is projected to release its resultson Tuesday, July 21st. Analysts expect Paladin Energy to post earnings of ($0.03) per share and revenue of $103.30 million for the quarter.

Paladin Energy Stock Performance

OTCMKTS:PALAF opened at $6.08 on Monday. Paladin Energy has a 12 month low of $3.81 and a 12 month 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. The firm’s 50 day moving average is $7.27 and its 200 day moving average is $8.03. The stock has a market capitalization of $2.73 billion, a PE ratio of -121.70 and a beta of 1.35.

Wall Street Analyst Weigh In

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