Allied Nevada Gold Stock Rating Reaffirmed by Cowen and Company (ANV)
Allied Nevada Gold (AMEX:ANV)‘s stock had its “market perform” rating reaffirmed by Cowen and Company in a research note issued on Friday, Analyst Ratings Network.com reports. They currently have a $5.37 price objective on the stock, down from their previous price objective of $5.71. Cowen and Company’s price target would indicate a potential upside of 33.92% from the company’s current price.
ANV has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a “sector underperform” rating on shares of Allied Nevada Gold in a research note to investors on Friday, January 3rd. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Allied Nevada Gold in a research note to investors on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.22.
Shares of Allied Nevada Gold (AMEX:ANV) traded down 0.50% during mid-day trading on Friday, hitting $4.01. The stock had a trading volume of 6,562,939 shares. Allied Nevada Gold has a 52 week low of $3.01 and a 52 week high of $28.80. The stock has a 50-day moving average of $3.42 and a 200-day moving average of $4.49. The company has a market cap of $416.8 million and a price-to-earnings ratio of 11.75.
Allied Nevada Gold Corp. (AMEX:ANV) is a gold producer, which operates the Hycroft Mine and has a large number of exploration claims in the State of Nevada.
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