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Polymet Mining (PLM) Crumbles: Stock Falls by 7.4% - Tale of the Tape

Polymet Mining Corp. ( PLM ) 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 ), BHP Billiton Limited ( BHP ) and Stillwater Mining Co. ( SWC ). All these stocks carry a Zacks Rank #2 (Buy).

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POLYMET MINING (PLM): Get Free Report

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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.


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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