Zacks: Primero Mining Corp (PPPMF) Given $0.28 Average Target Price by Analysts
Primero Mining Corp (NASDAQ:PPPMF) has received a consensus broker rating score of 4.00 (Sell) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and one has issued a hold rating on the company. Primero Mining Corp’s rating score has declined by 33.3% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price target of $0.28 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Primero Mining Corp an industry rank of 105 out of 265 based on the ratings given to related companies.
PPPMF has been the subject of several research analyst reports. Royal Bank Of Canada lowered Primero Mining Corp from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 5th. Zacks Investment Research lowered Primero Mining Corp from a “hold” rating to a “sell” rating in a report on Thursday, September 14th.
Primero Mining Corp (NASDAQ:PPPMF) opened at 0.07 on Friday. Primero Mining Corp has a 12 month low of $0.06 and a 12 month high of $1.64. The stock’s 50 day moving average price is $0.09 and its 200-day moving average price is $0.31. The stock’s market cap is $13.46 million.
About Primero Mining Corp
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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