North American Palladium Ltd. (PAL) was a big mover last session, as the company saw its shares rise nearly 17% 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 $0.31–$0.41 in the past one-month time frame.
This mining stock witnessed one positive estimate revision in the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for North American Palladium. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
North American Palladium has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the sector include BHP Billiton Limited (BHP), Augusta Resource Corp. (AZC) and Avalon Rare Metals Inc. (AVL). While BHP Billiton sports a Zacks Rank #1 (Strong Buy), Augusta Resource Corp and Avalon Rare Metals hold a Zacks Rank #2 (Buy).
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NORTH AMER PALLADIUM LTD (PAL): Free Stock Analysis Report
AUGUSTA RESOURCE CORP (AZC): Free Stock Analysis Report
BHP BILLITON LTD (BHP): Free Stock Analysis Report
AVALON RARE METALS INC COM (AVL): Free Stock Analysis Report
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