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Analyst Actions: Allied Nevada Price Target Gets a Lift at Desjardins on Positive Outlook

Allied Nevada Gold Corp. (ANV.TO) has released a positive milling feasibility study for its Hycroft project in Nevada, outlining plans for slightly more gold and less silver production, the Globe and Mail reported.

Desjardins Securities Inc. analyst Brian Christie reportedly said in a research note today that he sees significant gains ahead for the stock, reflecting both the results of the study and his revised expectations that bullion will average $1,800 an ounce next year. That's $500 more than his previous forecast.

Desjardins raised the price target by US$15 to $60.

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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 Nasdaq, Inc.

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