Zacks: Brokerages Set $0.28 Target Price for Primero Mining Corp (PPPMF)
Shares of Primero Mining Corp (NASDAQ:PPPMF) have earned an average broker rating score of 4.00 (Sell) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation and one has issued a hold recommendation on the company. Primero Mining Corp’s rating score has declined by 33.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $0.28 for the company, according to Zacks. Zacks has also given Primero Mining Corp an industry rank of 173 out of 265 based on the ratings given to related companies.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Primero Mining Corp from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Royal Bank Of Canada lowered Primero Mining Corp from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 5th.
Primero Mining Corp (PPPMF) traded up 0.57% during mid-day trading on Thursday, hitting $0.07. The stock had a trading volume of 351,812 shares. The stock’s market cap is $13.46 million. The company has a 50-day moving average of $0.21 and a 200-day moving average of $0.40. Primero Mining Corp has a 12-month low of $0.06 and a 12-month high of $1.72.
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Primero Mining Corp Company Profile
Primero Mining Corp. is a precious metals producer with operations in both Mexico and Canada. The Company is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. Its segments include San Dimas, Cerro del Gallo, Black Fox Complex and Corporate.
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