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Allied Nevada Gold (ANV) Jumps: Stock Rises 7.5%
January 14, 2014

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Allied Nevada Gold Corp. was a big mover last session, as the company saw its shares rise by over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up more than 30% in the past one-month time frame.

The company has seen one negative estimate revision in the past days and its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Allied Nevada currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, a better-ranked gold mining stock is Timmins Gold Corp. with a Zacks Rank #2 (Buy). Other stocks worth considering in the broader basic material sector include Chemtura Corporation and Alexco Resource Corporation . Both the companies hold a Zacks Rank #1 (Strong Buy).

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