Canaccord Genuity Reiterates a 'Buy' on Horsehead Holding (ZINC); Mind The Gap; Buy ZINC
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Price: $26.70 +0.07%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Horsehead Holding (NASDAQ: ZINC), PT $20.
Canaccord analyst, Eric Prouty, said, "While Horsehead’s share price is highly correlated with zinc metal prices, the stock’s 23% fall over the past few months has been considerably more severe than the 10% decline in zinc metal prices. Given the possibility of strengthening zinc metal prices in the near term, we would be aggressive buyers of ZINC."
For more ratings news on Horsehead Holding click here and for the rating history of Horsehead Holding click here.
Shares of Horsehead Holding closed at $13.34 yesterday.
Canaccord analyst, Eric Prouty, said, "While Horsehead’s share price is highly correlated with zinc metal prices, the stock’s 23% fall over the past few months has been considerably more severe than the 10% decline in zinc metal prices. Given the possibility of strengthening zinc metal prices in the near term, we would be aggressive buyers of ZINC."
For more ratings news on Horsehead Holding click here and for the rating history of Horsehead Holding click here.
Shares of Horsehead Holding closed at $13.34 yesterday.
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