North American Palladium Rating Lowered to Hold at Mackie (PAL)
North American Palladium (NYSE:PAL) was downgraded by analysts at Mackie to a “hold” rating in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports.
Shares of North American Palladium (NYSE:PAL) traded down 3.48% on Tuesday, hitting $0.8687. The stock had a trading volume of 3,612,023 shares. North American Palladium has a one year low of $0.37 and a one year high of $1.98. The stock’s 50-day moving average is $0.53 and its 200-day moving average is $0.88. The company’s market cap is $171.2 million.
North American Palladium (NYSE:PAL) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.00. On average, analysts predict that North American Palladium will post $-0.20 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at CIBC downgraded shares of North American Palladium from a “sector perform” rating to a “sector underperform” rating in a research note to investors on Tuesday, November 19th. Separately, analysts at Macquarie downgraded shares of North American Palladium to a “neutral” rating in a research note to investors on Thursday, November 14th. Finally, analysts at Credit Suisse downgraded shares of North American Palladium from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $1.48.
North American Palladium Ltd. (NYSE:PAL) is a precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada.
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