With 2012 just beginning, now's a great time to gauge how the stocks you're interested in are likely to do this year and beyond. By knowing what stock analysts and fellow investors expect from a stock, you'll be smarter about whether you should buy it for your portfolio -- or sell it if you already own it.
Today, let's take a look at North American Palladium
Forecasts for North American Palladium
|Median Target Stock Price||$4.69|
|2011 EPS Estimate||($0.08)|
|2012 EPS Estimate||$0.14|
|Expected Annual Earnings Growth, Next 5 Years||50%|
Source: Yahoo! Finance.
What will 2012 look like for North American Palladium?
Both analysts and investors have high expectations for North American Palladium. The target price for the stock is more than 50% higher than current levels, and a growth rate of 50% is a lot to expect. However, boosting production at its Sleeping Giant gold mine and its Lac des Iles palladium mine could help it meet those expectations -- especially if palladium resumes its upward climb.
Palladium's future prospects depend a lot on the car industry, and with an economic expansion, those prospects could be good. Even though Ford
As with rival Stillwater Mining
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. The Motley Fool owns shares of Ford. Motley Fool newsletter services have recommended buying shares of General Motors and Ford, as well as creating a synthetic long position in Ford. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.