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Weakness Seen in North American Palladium (PAL): Stock Tanks 10.7%

Zacks Equity Research

North American Palladium Ltd. (PAL) saw a big move in the last trading session, as the company’s shares fell by nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as PAL is now trading within the volatile price range of $0.27 to $0.38 in the past one-month time frame.
The company, one of North America's largest producers of palladium, has not seen any estimate revision over the past month, though the current year earnings consensus has moved lower over the last few weeks. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

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

Investors interested in the Miscellaneous Mining industry may consider better-ranked stocks like Stillwater Mining Co. (SWC), Dominion Diamond Corporation (DDC) and Teck Resources Limited (TCK), each of which holds a Zacks Rank #2 (Buy).

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

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