Primero Mining Corp (PPP) Getting Somewhat Positive Press Coverage, Report Finds
Media headlines about Primero Mining Corp (NYSE:PPP) (TSE:P) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Primero Mining Corp earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 45.7906254307439 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
PPP has been the subject of a number of analyst reports. Royal Bank Of Canada set a $1.00 price objective on Primero Mining Corp and gave the stock a “hold” rating in a research report on Tuesday, July 18th. ValuEngine downgraded Primero Mining Corp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $0.75.
Shares of Primero Mining Corp (NYSE PPP) traded up 0.0000% during midday trading on Monday, reaching $0.1571. The company’s stock had a trading volume of 1,131,423 shares. The company’s 50-day moving average price is $0.15 and its 200 day moving average price is $0.38. Primero Mining Corp has a 12-month low of $0.07 and a 12-month high of $1.80.
Primero Mining Corp (NYSE:PPP) (TSE:P) last released its quarterly earnings data on Thursday, August 10th. The basic materials company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $44.64 million. During the same quarter last year, the business posted ($0.02) EPS. The business’s revenue was down 61.9% on a year-over-year basis. Analysts expect that Primero Mining Corp will post ($0.05) EPS for the current fiscal year.
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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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