Markets
AEM

Alderon Iron Ore Corp. (AXX) Jumps: Stock Rises 5.1% - Tale of the Tape

Alderon Iron Ore Corp. ( AXX ) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.18 to $1.30 since May 13.

The company has seen one positive revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Alderon Iron Ore. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

Alderon Iron Ore currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other stocks to consider in the basic materials sector include Anglo American plc ( AAUKY ), Compass Minerals International Inc. ( CMP ) and Agnico Eagle Mines Limited(AEM ) . While Anglo American and Compass Minerals International sport a Zacks Rank #1 (Strong BUY), Agnico Eagle Mines has a Zacks Rank #2.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ANGLO AMER -PLC (AAUKY): Get Free Report

AGNICO EAGLE (AEM): Free Stock Analysis Report

ALDERON IRON (AXX): Free Stock Analysis Report

COMPASS MINERLS (CMP): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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


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

In This Story

AEM CMP

Other Topics

Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More