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Analysts at Cowen and Company increased their target price on shares of Allied Nevada Gold (AMEX:ANV) from $6.83 to $8.19 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports. Cowen and Company’s price target would indicate a potential upside of 55.70% from the company’s current price.

Separately, analysts at CIBC reiterated a “sector underperform” rating on shares of Allied Nevada Gold in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.92.

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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