Share on StockTwits

Shares of Allied Nevada Gold Corp. (NYSE:ANV) saw a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 34,337,941 shares, an increase of 0.9% from the May 15th total of 34,018,113 shares, Stock Ratings News reports. Approximately 35.8% of the company’s shares are short sold. Based on an average daily trading volume, of 2,457,740 shares, the days-to-cover ratio is presently 14.0 days.

A number of research firms have recently commented on ANV. Analysts at Bank of America reiterated an “underperform” rating on shares of Allied Nevada Gold Corp. in a research note on Thursday, May 8th. They now have a $4.00 price target on the stock, down previously from $4.65. Separately, analysts at Cormark downgraded shares of Allied Nevada Gold Corp. from a “market perform” rating to a “reduce” rating in a research note on Wednesday, May 7th. Finally, analysts at TheStreet downgraded shares of Allied Nevada Gold Corp. from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and a consensus target price of $4.43.

Shares of Allied Nevada Gold Corp. (NYSE:ANV) traded up 8.75% on Tuesday, hitting $3.23. The stock had a trading volume of 3,120,176 shares. Allied Nevada Gold Corp. has a 1-year low of $2.61 and a 1-year high of $7.80. The stock has a 50-day moving average of $3.17 and a 200-day moving average of $4.11. The company’s market cap is $336.7 million.

Allied Nevada Gold Corp. (NYSE:ANV) last announced its earnings results on Monday, May 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The company had revenue of $85.50 million for the quarter, compared to the consensus estimate of $83.54 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 73.9% on a year-over-year basis. Analysts expect that Allied Nevada Gold Corp. will post $-0.34 EPS for the current fiscal year.

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.

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.