Primero Mining Corp (PPPMF) Receives Consensus Recommendation of “Sell” from Brokerages

Primero Mining Corp (NASDAQ:PPPMF) has been given a consensus broker rating score of 4.00 (Sell) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation and one has given a hold recommendation to the company. Primero Mining Corp’s rating score has declined by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus target price of $0.28 for the company, according to Zacks. Zacks has also given Primero Mining Corp an industry rank of 211 out of 265 based on the ratings given to its competitors.

Several research analysts have commented on PPPMF shares. Zacks Investment Research cut Primero Mining Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada cut Primero Mining Corp from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 5th.

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Primero Mining Corp (NASDAQ PPPMF) traded up 1.48% during mid-day trading on Thursday, hitting $0.07. 273,275 shares of the stock were exchanged. The company’s market cap is $13.46 million. The company has a 50-day moving average price of $0.21 and a 200-day moving average price of $0.40. Primero Mining Corp has a one year low of $0.06 and a one year high of $1.69.

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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