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

Shares of Primero Mining Corp (NASDAQ:PPPMF) have received an average broker rating score of 4.00 (Sell) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research 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% in the last three months as a result of various analysts’ upgrades and downgrades.

Analysts have set a twelve-month consensus target price of $0.28 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Primero Mining Corp an industry rank of 118 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently issued reports on PPPMF shares. Royal Bank of Canada lowered Primero Mining Corp from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 5th. Zacks Investment Research lowered Primero Mining Corp from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th.

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Primero Mining Corp (NASDAQ PPPMF) traded up $0.01 during trading hours on Friday, hitting $0.07. The stock had a trading volume of 249,918 shares, compared to its average volume of 208,473. Primero Mining Corp has a 1-year low of $0.06 and a 1-year high of $1.00.

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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