Primero Mining Corp. (NYSE:PPP)’s share price fell 3.5% on Wednesday . The company traded as low as $2.14 and last traded at $2.20, with a volume of 604,475 shares. The stock had previously closed at $2.28.

Several research firms recently issued reports on PPP. Scotiabank reissued a “sector perform” rating and set a $2.75 target price (down previously from $3.00) on shares of Primero Mining Corp. in a research note on Tuesday, April 19th. Paradigm Capital reissued a “buy” rating and set a $3.75 target price (down previously from $4.50) on shares of Primero Mining Corp. in a research note on Saturday, May 7th. Cormark reissued a “market perform” rating on shares of Primero Mining Corp. in a research note on Tuesday, April 19th. Royal Bank Of Canada increased their target price on Primero Mining Corp. from $2.25 to $3.00 in a research note on Tuesday, April 12th. Finally, TD Securities reissued a “buy” rating and set a $4.00 target price (down previously from $5.00) on shares of Primero Mining Corp. in a research note on Tuesday, April 19th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$3.32.

The firm has a 50 day moving average of $2.10 and a 200 day moving average of $1.94. The firm’s market cap is $349.15 million.

Primero Mining Corp. (NYSE:PPP) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business earned $50.50 million during the quarter, compared to the consensus estimate of $42.54 million. During the same period last year, the company earned $0.02 earnings per share. The business’s quarterly revenue was down 31.1% compared to the same quarter last year. On average, equities research analysts forecast that Primero Mining Corp. will post ($0.01) earnings per share for the current fiscal year.

Other institutional investors have recently modified their holdings of the company. I.G. Investment Management LTD. raised its position in shares of Primero Mining Corp. by 8.6% in the fourth quarter. I.G. Investment Management LTD. now owns 1,066,161 shares of the company’s stock worth $2,405,000 after buying an additional 84,606 shares during the last quarter. Morgan Stanley raised its position in shares of Primero Mining Corp. by 1.9% in the fourth quarter. Morgan Stanley now owns 940,271 shares of the company’s stock worth $2,144,000 after buying an additional 17,496 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of Primero Mining Corp. by 10.3% in the fourth quarter. OppenheimerFunds Inc. now owns 3,630,000 shares of the company’s stock worth $8,185,000 after buying an additional 340,000 shares during the last quarter.

Primero Mining Corp. is a Canada-based precious metals producer. The Company is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. It operates in the Mexico and Canada segments. It owns two producing properties: the San Dimas gold-silver mine, located in Mexico’s San Dimas district, on the border of Durango and Sinaloa states and the Black Fox mine located in the Township of Black RiverÔÇÉ Matheson, Ontario, Canada.

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