Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – Time to Buy?

Paladin Energy Ltd. (OTCMKTS:PALAF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $9.03, but opened at $9.50. Paladin Energy shares last traded at $9.11, with a volume of 7,911 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on shares of Paladin Energy in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 price target on the stock. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Paladin Energy currently has an average rating of “Hold” and a consensus price target of $9.05.

Paladin Energy Stock Performance

The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of -78.33 and a beta of 1.34. The firm’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $5.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53.

Paladin Energy (OTCMKTS:PALAF) last issued its earnings results on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $35.97 million during the quarter, compared to analyst estimates of $35.98 million. Sell-side analysts predict that Paladin Energy Ltd. will post 0.06 earnings per share for the current 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.