Paladin Energy (PALAF) Expected to Release Quarterly Earnings on Wednesday

Paladin Energy (OTCMKTS:PALAF) is anticipated to announce its results before the market opens on Wednesday, August 26th. Analysts expect the company to post earnings of ($0.03) per share and revenue of $106.00 million for the quarter.

Paladin Energy Price Performance

Shares of PALAF stock opened at $7.89 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.12 and a current ratio of 5.69. Paladin Energy has a fifty-two week low of $4.02 and a fifty-two week high of $10.50. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of -157.84 and a beta of 1.36. The stock’s 50-day simple moving average is $6.89 and its 200-day simple moving average is $7.88.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank Of Canada upgraded Paladin Energy from a “hold” rating to an “outperform” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group lowered Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 price objective for the company. in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Paladin Energy presently has an average rating of “Hold” and an average 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.