Jason Radin

Allied Nevada Gold An Excellent Long-Term Value Play


In this article, I argue that Allied Nevada Gold Corp. (NYSEMKT:ANV) is a classic example of a fundamentally sound business trading at a steep discount due to external industry conditions beyond management's control. A gold and silver producer focused on mining, development and exploration, Allied has taken a huge hit in 2013, as the price of gold (NYSEARCA:GLD) and silver (NYSEARCA:SLV) have gone down by over a fourth and a third, respectively. Similarly, Allied's share price has fallen over 80% this year, trading right at its 52-week low of $5.42 as of the market's close on July 10. Despite the poor performance of Allied's stock (or perhaps because of it), I contend that...

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