Banro Corporation (BAA) saw a big move last session, as the company’s shares fell nearly 8% on the day. The move came on pretty good 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 below the volatile price range of $0.58 to $0.73 in the past one-month time frame.
This gold mining company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
BAA currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include AngloGold Ashanti Ltd. (AU), NovaGold Resources Inc. (NG) and Richmont Mines Inc. (RIC). While AngloGold sports a Zacks Rank #1 (Strong Buy), NovaGold and Richmont hold a Zacks Rank #2 (Buy).
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BANRO CP (BAA): Free Stock Analysis Report
ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report
NOVAGOLD RESOURCES INC (NG): Free Stock Analysis Report
(RIC): Free Stock Analysis Report
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