Alderon Iron Ore Corp (ADV) Releases Quarterly Earnings Results
Alderon Iron Ore Corp (TSE:ADV) issued its quarterly earnings data on Wednesday. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.02, ARN reports.
Alderon Iron Ore Corp (TSE:ADV) opened at 1.29 on Wednesday. Alderon Iron Ore Corp has a one year low of $0.88 and a one year high of $2.13. The stock has a 50-day moving average of $1.5 and a 200-day moving average of $1.70.
ADV has been the subject of a number of recent research reports. Analysts at Scotiabank cut their price target on shares of Alderon Iron Ore Corp from C$3.60 to C$3.30 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock. On a related note, analysts at Desjardins cut their price target on shares of Alderon Iron Ore Corp from C$3.50 to C$3.25 in a research note on Friday, May 9th. They now have a “top pick” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Alderon Iron Ore Corp from C$2.75 to C$3.00 in a research note on Thursday, February 27th. They now have a “speculative buy” rating on the stock.
Alderon Iron Ore Corp., formerly Alderon Resource Corp., is an exploration-stage company engaged in the exploration and evaluation of mineral resource properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.