Short Term Rating on Primero Mining Corp (PPP)

Primero Mining Corp (PPP) : The consensus on Primero Mining Corp (PPP) based on 4 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Primero Mining Corp (PPP) : 5 Wall Street analysts covering Primero Mining Corp (PPP) believe that the average level the stock could reach for the short term is $2.69. The maximum price target given is $4 and the minimum target for short term is around $2, hence the standard deviation is calculated at $0.72.

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


Primero Mining Corp (NYSE:PPP): The stock opened at $2.53 on Tuesday but the bulls could not build on the opening and the stock topped out at $2.56 for the day. The stock traded down to $2.42 during the day, due to lack of any buying support eventually closed down at $2.43 with a loss of -5.45% for the day. The stock had closed at $2.57 on the previous day. The total traded volume was 1,145,573 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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