North American Palladium (PAL) in Focus: Stock Tumbles 7.7% - Tale of the Tape

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North American PalladiumLtd. ( PAL ) saw a big move last session, as the company's shares fell nearly 8% 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 PAL, as the stock is now down more than 46% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised lower while there was no upward revision. 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

PAL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the basic material sector include Stillwater Mining Co. ( SWC ), Denison Mines Corp. ( DNN ) and Augusta Resource Corp. ( AZC ). While Stillwater Mining carry a Zacks Rank #1 (Strong Buy), Denison Mines and Augusta Resource holds a Zacks Rank #2 (Buy).   

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AZC , DNN , PAL , SWC

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