Zacks Investment Research downgraded shares of NORTH AM PALLAD (PAL) from NEUTRAL to UNDERPERFORM on May 07, 2013, with a target price of $1.00.
NORTH AMERICAN PALLADIUM is one of North America's largest producers of palladium. The Company's core palladium business at the Lac des Iles Mine is strengthened by a significant contribution from platinum, nickel, gold and copper by-product metals. The Company is actively progressing its three advanced exploration projects: the Offset High Grade Zone at its Lac des Iles Mine, the Shebandowan West Project, located approximately 100 kilometres from the mine, and the Arctic Platinum Project in Finland.
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