Paladin Energy (OTCMKTS:PALAF) Shares Gap Down – Should You Sell?

Paladin Energy Ltd. (OTCMKTS:PALAF) gapped down prior to trading on Thursday . The stock had previously closed at $8.7030, but opened at $8.33. Paladin Energy shares last traded at $8.70, with a volume of 3,876 shares trading hands.

Wall Street Analyst Weigh In

PALAF has been the subject of a number of analyst reports. Royal Bank Of Canada upgraded shares of Paladin Energy from a “hold” rating to an “outperform” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group cut Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 target price for the company. in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Paladin Energy has a consensus rating of “Hold” and a consensus price target of $9.70.

Paladin Energy Trading Down 7.4%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.12 and a current ratio of 5.69. The stock has a market cap of $3.62 billion, a P/E ratio of -161.00 and a beta of 1.36. The company has a 50-day simple moving average of $7.01 and a 200-day simple moving average of $7.88.

Paladin Energy (OTCMKTS:PALAF) last announced its earnings results on Tuesday, August 25th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. Paladin Energy had a return on equity of 0.13% and a net margin of 0.45%.The company had revenue of $106.00 million for the quarter, compared to analysts’ expectations of $106.00 million. On average, sell-side analysts forecast that Paladin Energy Ltd. will post 0.05 EPS for the current fiscal year.

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.