North American Palladium (OTCMKTS:PALDF) Downgraded by ValuEngine to “Strong Sell”

ValuEngine cut shares of North American Palladium (OTCMKTS:PALDF) from a sell rating to a strong sell rating in a research note released on Wednesday morning, ValuEngine reports.

Separately, Royal Bank of Canada began coverage on shares of North American Palladium in a research report on Tuesday. They issued an outperform rating on the stock.

Shares of PALDF stock traded up $0.41 during trading hours on Wednesday, hitting $14.88. The company’s stock had a trading volume of 15,041 shares, compared to its average volume of 25,084. The business has a fifty day moving average of $12.26 and a 200-day moving average of $10.77. The stock has a market cap of $862.59 million, a price-to-earnings ratio of 8.02 and a beta of 2.00. North American Palladium has a twelve month low of $6.69 and a twelve month high of $19.91. The company has a current ratio of 3.65, a quick ratio of 3.05 and a debt-to-equity ratio of 0.01.

North American Palladium (OTCMKTS:PALDF) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.46 EPS for the quarter. The business had revenue of $93.97 million for the quarter. North American Palladium had a net margin of 35.43% and a return on equity of 22.83%.

North American Palladium Company Profile

North American Palladium Ltd. produces precious metals in Canada. It explores for palladium, platinum, gold, nickel, copper, and other metals. It primarily holds interest in the Lac des Iles mine that is located to the northwest of Thunder Bay, Ontario. The company was founded in 1968 and is headquartered in Toronto, Canada.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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