Allied Nevada Gold Corp (TSE: ANV) had its price target decreased by CIBC from $30.00 to $27.00 in a research report released on Wednesday morning. CIBC currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets cut their price target on shares of Allied Nevada Gold Corp from $22.50 to $18.00 in a research note to investors on Friday, March 8th. They now have an underperform rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Allied Nevada Gold Corp from $35.00 to $28.00 in a research note to investors on Tuesday, February 26th. They now have a sector perform rating on the stock.

One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $37.71.

Shares of Allied Nevada Gold Corp (TSE: ANV) traded down 6.73% during mid-day trading on Wednesday, hitting $17.32. Allied Nevada Gold Corp has a one year low of $17.39 and a one year high of $40.15. The stock’s 50-day moving average is currently $20.76. The company has a market cap of $1.554 billion and a P/E ratio of 35.04.

Allied Nevada Gold Corp. (TSE: ANV) is a United States-based gold producer focused on mining, development, and exploration properties in the state of Nevada.

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