Paladin Energy (OTCMKTS:PALAF) Shares Gap Down – What’s Next?

Paladin Energy Ltd. (OTCMKTS:PALAF) shares gapped down before the market opened 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 changing hands.

Wall Street Analyst Weigh In

Several brokerages have commented on PALAF. The Goldman Sachs Group lowered shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 price objective on the stock. in a research report on Thursday, June 18th. 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. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Paladin Energy currently has an average rating of “Hold” and an average target price of $9.70.

Paladin Energy Trading Down 0.6%

The company has a market cap of $3.89 billion, a P/E ratio of -172.95 and a beta of 1.36. The company has a quick ratio of 4.12, a current ratio of 5.69 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $6.96 and its 200-day moving average price is $7.87.

Paladin Energy (OTCMKTS:PALAF) last released its quarterly earnings data 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 negative net margin of 7.08% and a negative return on equity of 1.90%. The company had revenue of $106.00 million during the quarter, compared to the consensus estimate of $106.00 million. As a group, equities research analysts expect that Paladin Energy Ltd. will post -0.02 earnings per share 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.