Analyst Rating Update on Primero Mining Corp (PPP)

Primero Mining Corp (PPP) : Zacks Investment Research ranks Primero Mining Corp (PPP) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.4, which indicates as a Buy.

Primero Mining Corp (PPP) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $4 and the lowest price target forecast is $2. The average forecast of all the analysts is $2.7 and the expected standard deviation is $0.63.

For the current week, the company shares have a recommendation consensus of Buy.


Primero Mining Corp (NYSE:PPP): The stock opened at $2.29 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.29 for the day. The stock traded down to $2.18 during the day, due to lack of any buying support eventually closed down at $2.21 with a loss of -3.91% for the day. The stock had closed at $2.30 on the previous day. The total traded volume was 1,087,375 shares.

Primero Mining Corp. is a Canada-based precious metals producer. The Company is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. It operates in the Mexico and Canada segments. It owns two producing properties: the San Dimas gold-silver mine, located in Mexicos San Dimas district, on the border of Durango and Sinaloa states and the Black Fox mine located in the Township of Black River? Matheson, Ontario, Canada. The Company owns properties adjacent to the Black Fox mine: Grey Fox and Pike River, which together with the Black Fox mine and the Black Fox mill, located on the Stock Mill property, comprise the Black Fox Complex. In addition, it owns one development-stage project; the Cerro del Gallo gold-silver-copper project, located in the state of Guanajuato in central Mexico. Further, the Company has one exploration property, Ventanas, located in Durango State, Mexico.

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