Financial media company TheStreet has recently downgraded three companies involved in mining activities and retail. TheStreet recommended not to proceed with buying stocks of Blue Nile, AuRico Gold and Pan American Silver Corporation at the moment.
Blue Nile focused on diamond jewellery retail sales online has got the “red light” by TheStreet due to a number of weaknesses detected including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow.
Operating cash flow was treated as a weakness of AuRico Gold, which engages in the exploration, development, and production of gold and silver projects and properties in Canada, Mexico, and Australia. In addition, TheStreet analysts found a generally disappointing performance in the AuRico Gold’s stock itself, despite stable financial position and steady growth of earnings and net profit of the gold miner.
The main reason for downgrading shares of Pan American Silver Corporation is stated as generally disappointing performance in the past year, according to TheStreet’s report.
Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished
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