Allied Nevada Gold Corp. (ANV) was a big mover last session, as its shares rose nearly 11% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company since Jan 27, as the stock is now up roughly 30%.
In the last 30 days, the company did not witness any estimate revision while the Zacks Consensus Estimate moved lower, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.
Allied Nevada Gold currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks worth considering in the broader basic material sector include AK Steel Holding Corporation (AKS), Akzo Nobel NV (AKZOY) and Alexco Resource Corporation (AXU). All three hold a Zacks Rank #2 (Buy).
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