Allied Nevada Gold (ANV) in Focus: Stock Moves 7.4% Higher

Zacks

Allied Nevada Gold Corp. (ANV) was a big mover last session, as the company saw its shares rise by over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.  This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.95 to $5.80 in the past one-month time frame.

This gold mining company has seen one positive estimate revision and three negative estimate revisions over the last 30 days and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Allied Nevada Gold currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same industry include AngloGold Ashanti Ltd. (AU), NovaGold Resources Inc. (NG) and Sibanye Gold Ltd. (SBGL). While AngloGold Ashanti and NovaGold Resources hold a Zacks Rank #1 (Strong Buy), Sibanye Gold carries a Zacks Rank #2 (Buy).

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ALLIED NEVADA GOLD CORP (ANV): Free Stock Analysis Report

ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report

NOVAGOLD RESOURCES INC (NG): Free Stock Analysis Report

SIBANYE GOLD LTD (SBGL): Free Stock Analysis Report


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