Alderon Iron Ore Corp. (AXX) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Alderon Iron Ore Corp. (NYSE:AXX) released its earnings data on Wednesday. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.01, AR Network reports.
Shares of Alderon Iron Ore Corp. (NYSE:AXX) opened at 1.23 on Wednesday. Alderon Iron Ore Corp. has a 52 week low of $1.06 and a 52 week high of $1.95. The stock’s 50-day moving average is $1.20 and its 200-day moving average is $1.41. The company’s market cap is $160.1 million.
On the ratings front, analysts at Zacks downgraded shares of Alderon Iron Ore Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $1.30 price target on the stock.
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