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Stock analysts at Cowen and Company reduced their target price on shares of Allied Nevada Gold Corp. (NYSE:ANV) from $7.50 to $4.50 in a report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price target points to a potential upside of 22.95% from the stock’s previous close.

Allied Nevada Gold Corp. (NYSE:ANV) traded down 4.69% on Thursday, hitting $3.66. 5,543,468 shares of the company’s stock traded hands. Allied Nevada Gold Corp. has a one year low of $3.01 and a one year high of $11.98. The stock has a 50-day moving average of $4.71 and a 200-day moving average of $4.32. The company has a market cap of $380.8 million and a price-to-earnings ratio of 384.00.

Allied Nevada Gold Corp. (NYSE:ANV) last released its earnings data on Monday, February 24th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.20. The company had revenue of $83.00 million for the quarter, compared to the consensus estimate of $92.66 million. Analysts expect that Allied Nevada Gold Corp. will post $-0.22 EPS for the current fiscal year.

Separately, analysts at Zacks upgraded shares of Allied Nevada Gold Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 6th. They now have a $4.80 price target on the stock. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Allied Nevada Gold Corp. presently has a consensus rating of “Sell” and a consensus price target of $6.60.

Allied Nevada Gold Corp. (NYSE:ANV) is a gold and silver producer focused on mining, development, and exploration of properties in the state of Nevada.

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