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North American Palladium (PAL) Crumbles: Stock Drops 18.1%

Zacks Equity Research

North American Palladium Ltd. (PAL) saw a big move last session, as the company’s shares fell by over 18% 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 56 cents to 90 cents in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. This company in the Mining indsurt has seen 2 negative revisions, but the consensus for earnings hasn’t been in a trend. 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.

PAL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same space include Stillwater Mining Co. (SWC), Denison Mines Corp. (DNN) and General Moly, Inc. (GMO). While Stillwater Mining Carries a Zacks Rank #1 (Strong Buy), Denison Mines and General Moly both carry a Zacks Rank #2 (Buy).

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NORTH AMER PALLADIUM LTD (PAL): Free Stock Analysis Report

GENERAL MOLY INC COM (GMO): Free Stock Analysis Report

DENISON MINES CORP (DNN): Free Stock Analysis Report

STILLWATER MINING CO (SWC): Free Stock Analysis Report

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