Weakness Seen in North American Palladium (PAL): Stock Tumbles 10.6% - Tale of the Tape

North American Palladium (PAL) saw a big move last session, as the company’s shares fell nearly 11% 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 nearly 48% 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. Two estimates were 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 0.00%.

Some better-ranked stocks in the basic material sector include Stillwater Mining Co. (SWC), Denison Mines Corp. (DNN) and General Moly, Inc. (GMO). While Stillwater Mining carries a Zacks Rank #1 (Strong Buy), Denison Mines and General Moly hold a Zacks Rank #2 (Buy).

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DENISON MINES (DNN): Free Stock Analysis Report

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NORTH AM PALLAD (PAL): Free Stock Analysis Report

STILLWATER MNG (SWC): Free Stock Analysis Report

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