Allied Nevada Gold Corp. Now Covered by Wainwright
December 22nd, 2014
Allied Nevada Gold Corp. logoWainwright began coverage on shares of Allied Nevada Gold Corp. (NYSE:ANV) in a research note issued on Monday. The firm set a “buy” rating on the stock.
Shares of Allied Nevada Gold Corp. (NYSE:ANV) opened at 0.92 on Monday. Allied Nevada Gold Corp. has a 52-week low of $0.72 and a 52-week high of $6.70. The stock has a 50-day moving average of $1.28 and a 200-day moving average of $2.76. The company’s market cap is $96.1 million.
Allied Nevada Gold Corp. (NYSE:ANV) last announced its earnings results on Monday, November 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.03. The company had revenue of $76.90 million for the quarter, compared to the consensus estimate of $77.44 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that Allied Nevada Gold Corp. will post $-0.46 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at HC Wainright initiated coverage on shares of Allied Nevada Gold Corp. in a research note on Monday. They set a “buy” rating and a $2.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Allied Nevada Gold Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, December 12th. They now have a $0.80 price target on the stock. Finally, analysts at Zacks downgraded shares of Allied Nevada Gold Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 7th. They now have a $2.50 price target on the stock. Four analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $2.83.
