Out of 2 analysts covering Primero Mining Corp (NYSE:PPP), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Primero Mining Corp has been the topic of 3 analyst reports since October 5, 2015 according to StockzIntelligence Inc. IBC downgraded the stock on February 23 to “Sector Perform” rating. Below is a list of Primero Mining Corp (NYSE:PPP) latest ratings and price target changes.
The stock decreased 2.38% or $0.04 on September 13, hitting $1.64. About 2.37 million shares traded hands or 79.55% up from the average. Primero Mining Corp (NYSE:PPP) has 0.00% since February 8, 2016 and is . It has underperformed by 16.49% the S&P500.
Primero Mining Corp. is a precious metals producer with activities in both Mexico and Canada. The company has a market cap of $315.39 million. The Firm is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. It currently has negative earnings. The Company’s divisions include San Dimas, Cerro del Gallo, Black Fox Complex and Corporate.
The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.19, from 0.94 in 2016Q1. The ratio increased, as 21 funds sold all Primero Mining Corp shares owned while 17 reduced positions. 17 funds bought stakes while 26 increased positions. They now own 98.82 million shares or 0.26% less from 99.08 million shares in 2016Q1.
Tipp Hill Capital Management Llc holds 6.51% of its portfolio in Primero Mining Corp for 206,000 shares. Donald Smith & Co. Inc. owns 16.43 million shares or 0.92% of their US portfolio. Moreover, Sun Valley Gold Llc has 0.72% invested in the company for 1.32 million shares. The Ontario – Canada-based Sentry Investments Corp. has invested 0.35% in the stock. Global X Management Co Llc, a New York-based fund reported 2.34 million shares.
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