Primero Mining Corp Downgraded to “Underperform” at Zacks (PPP)
Primero Mining Corp (NYSE:PPP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday. They currently have a $7.30 target price on the stock. Zacks‘s price objective would suggest a potential downside of 6.89% from the company’s current price.
A number of other analysts have also recently weighed in on PPP. Analysts at Cantor Fitzgerald upgraded shares of Primero Mining Corp from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. Analysts at Canaccord Genuity downgraded shares of Primero Mining Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Primero Mining Corp currently has an average rating of “Hold” and an average target price of $7.30.
Primero Mining Corp (NYSE:PPP) opened at 7.84 on Friday. Primero Mining Corp has a 1-year low of $4.27 and a 1-year high of $8.47. The stock has a 50-day moving average of $7.77 and a 200-day moving average of $6.80. The company’s market cap is $1.251 billion.
Primero Mining Corp (NYSE:PPP) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.03. The company had revenue of $48.30 million for the quarter, compared to the consensus estimate of $58.22 million. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts predict that Primero Mining Corp will post $0.11 earnings per share for the current fiscal year.
Primero Mining Corp. (NYSE:PPP) is a precious metals producer with operations in Mexico.
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