Paladin Energy (OTCMKTS:PALAF – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04, Zacks reports. Paladin Energy had a negative net margin of 7.08% and a negative return on equity of 1.90%. The company had revenue of $106.00 million for the quarter, compared to analyst estimates of $106.00 million.
Paladin Energy Trading Up 0.1%
Shares of PALAF opened at $8.70 on Thursday. The business has a 50-day moving average of $6.96 and a 200 day moving average of $7.87. Paladin Energy has a fifty-two week low of $4.65 and a fifty-two week high of $10.50. The firm has a market cap of $3.91 billion, a P/E ratio of -174.06 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.12 and a current ratio of 5.69.
Analyst Ratings Changes
PALAF has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised shares of Paladin Energy from a “hold” rating to an “outperform” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group downgraded shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 price target on the stock. in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.70.
About Paladin Energy
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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