Rio Alto Mining Limited ( RIOM ) was a big mover last session with its shares rising over 5% on the day. The move came on solid volume 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 past one month's volatile price range of $2.14 to $2.60.
This mining company has witnessed one positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday's rally can turn into more strength down the road.
Rio Alto currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the mining industry is Golden Star Resources, Ltd. ( GSS ), which holds the same Zacks Rank as Rio Alto.
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