Orlando, FL -- (SBWIRE) -- 08/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Allied Nevada Gold Corp. (NYSEAMEX:ANV), Hovnanian Enterprises, Inc. (NYSE:HOV).
Allied Nevada Gold Corp. (NYSEAMEX:ANV) shares increased 6.41% to $4.65 in the last trading session. The company on August 6 provides financial and operating results for the three and six months ended June 30, 2013. As a result of a 134% increase in gold ounces sold, revenue increased 75% in the second quarter of 2013 to $59.0 million compared with $33.7 million in the second quarter of 2012. Net income decreased 31% to $4.2 million or $0.04 per share in the second quarter of 2013 compared with $6.1 million or $0.07 per share in the same quarter in 2012.
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Additionally, ANV’s stock was downgraded by investment analysts at RBC Capital to an “underperform” rating in a note issued to investors on August 7. Separately, analysts at CIBC downgraded shares of Allied Nevada Gold Corp. from a “sector perform” rating to an “underperform” rating in a research note to investors on Wednesday, July 10th.
Hovnanian Enterprises, Inc. (NYSE:HOV) stock gained 2.50% to $5.32. The company will begin trading ex-dividend on August 12, 2013. A cash dividend payment of $0.453125 per share is scheduled to be paid on August 15, 2013. Shareholders who purchased HOVU stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that HOVU has paid the same dividend.
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Additionally, HOV’s stock was upgraded by equities research analysts at UBS AG from a “neutral” rating to a “buy” rating in a research note issued to investors on August 14. The analysts noted that the move was a valuation call. Separately, analysts at Zacks upgraded shares of Hovnanian Enterprises from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 6th. They now have a $6.70 price target on the stock.
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