Paladin Energy (OTCMKTS:PALAF) Shares Down 7.9% - Here's Why

Key Points

• Paladin Energy shares fell 7.9% to $8.00 in Friday’s mid-day trading, with volume down 57% from the average daily level.
• Analyst sentiment is mixed: RBC upgraded the stock to “outperform,” while Goldman Sachs downgraded it to “sell” with a $9.70 price target. The consensus rating remains “Hold,” with an average target of $9.70.
• Paladin recently reported quarterly EPS of $0.01, beating estimates for a $0.03 loss, while revenue matched expectations at $106 million. The company operates the Langer Heinrich uranium mine in Namibia.

Paladin Energy Ltd. (OTCMKTS:PALAF - Get Free Report) traded down 7.9% during mid-day trading on Friday . The stock traded as low as $8.00 and last traded at $8.00. Approximately 28,346 shares were traded during trading, a decline of 57% from the average daily volume of 65,826 shares. The stock had previously closed at $8.69.

Wall Street Analysts Forecast Growth

PALAF has been the topic of a number of research reports. Royal Bank Of Canada raised 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 price target 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's stock. According to data from MarketBeat, Paladin Energy presently has a consensus rating of "Hold" and an average price target of $9.70.

Paladin Energy Stock Down 4.7%

The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of -165.60 and a beta of 1.36. The business has a 50-day moving average of $6.99 and a 200-day moving average of $7.88. 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 (OTCMKTS:PALAF - Get Free Report) last posted its earnings results on Tuesday, August 25th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. Paladin Energy had a net margin of 0.45% and a return on equity of 0.13%. The company had revenue of $106.00 million for the quarter, compared to analysts' expectations of $106.00 million. On average, sell-side analysts expect that Paladin Energy Ltd. will post 0.02 EPS for the current year.

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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