Allied Nevada Gold reported a loss of 13 cents a share for the third quarter, below the loss of 11 cents a share analysts surveyed expected for the quarter. Revenue grew 0.2% year over year to $76.9 million in the quarter, compared to analysts' estimates of $77.44 million for the quarter.
The mining company said it produced 49,630 ounces of gold and 525,942 ounces of silver in the third quarter. The company sold 52,176 ounces of gold and 535,407 ounces of silver in the quarter.
TheStreet Ratings team rates ALLIED NEVADA GOLD CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALLIED NEVADA GOLD CORP (ANV) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, feeble growth in its earnings per share, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: ANV Ratings Report