Analyst Price Target Update on Primero Mining Corp (NYSE:PPP)

Primero Mining Corp (NYSE:PPP): 5 Analyst have given the stock of Primero Mining Corp (NYSE:PPP) a near short term price target of $2.65. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $0.75. The higher price target estimate is at $4 while the lower price estimates are fixed at $2.

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

Primero Mining Corp (NYSE:PPP) witnessed a volatile trading activity on Monday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.9 and reached the intraday high at $1.9. The bulls started the profit booking and pushed the shares to intraday low of $1.82. The trading session was marked by a volume range of 1,113,080 shares exchanging hands. The 52-week high of the shares is $4.49 and the 52-week low is $1.41. The market cap of the company stands at $306 million and there are 164,648,090 shares in public circulation.

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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