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Tale of the Tape

Zacks Equity Research

Polymet Mining (PLM) Crumbles: Stock Falls by 7.4%
June 11, 2014


Trades from $3
Polymet Mining Corp. (PLM - Free Report) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PLM, as the stock is now down over 17% since May 23.

The mining company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the Mining-Miscellaneous industry include BHP Billiton plc (BBL - Free Report) , BHP Billiton Limited (BHP - Free Report) and Stillwater Mining Co. (SWC - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).

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