Primero Mining Corp (PPP) Receives News Sentiment Rating of 0.05
Media headlines about Primero Mining Corp (NYSE:PPP) (TSE:P) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primero Mining Corp earned a news impact score of 0.05 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.6738420271636 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities analysts recently weighed in on PPP shares. Royal Bank Of Canada set a $1.00 price objective on Primero Mining Corp and gave the company a “hold” rating in a report on Tuesday, July 18th. Desjardins cut Primero Mining Corp from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Zacks Investment Research cut Primero Mining Corp from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, ValuEngine cut Primero Mining Corp from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $1.67.
Primero Mining Corp (NYSE PPP) traded up 0.0000% during trading on Friday, reaching $0.1571. The company had a trading volume of 1,131,423 shares. Primero Mining Corp has a one year low of $0.16 and a one year high of $1.86. The firm’s 50 day moving average is $0.33 and its 200 day moving average is $0.50.
Primero Mining Corp (NYSE:PPP) (TSE:P) last issued its quarterly earnings data on Thursday, August 10th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). Primero Mining Corp had a negative return on equity of 2.89% and a negative net margin of 299.62%. The business had revenue of $16.23 million for the quarter, compared to the consensus estimate of $44.64 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The company’s quarterly revenue was down 61.9% compared to the same quarter last year. On average, analysts anticipate that Primero Mining Corp will post ($0.05) EPS for the current fiscal year.
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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