News articles about Primero Mining Corp (NYSE:PPP) (TSE:P) have been trending somewhat positive recently, AlphaOne reports. AlphaOne, a unit of Accern, identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Primero Mining Corp earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned news stories about the basic materials company an impact score of 73 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Alpha One’s analysis:
A number of equities research analysts have recently commented on PPP shares. Zacks Investment Research raised shares of Primero Mining Corp from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a research note on Thursday. Royal Bank of Canada reaffirmed a “hold” rating and set a $1.00 price objective on shares of Primero Mining Corp in a research note on Thursday, April 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $2.61.
Shares of Primero Mining Corp (NYSE:PPP) traded up 1.9662% during midday trading on Friday, hitting $0.4823. 1,069,474 shares of the stock were exchanged. The firm has a 50 day moving average of $0.54 and a 200-day moving average of $0.79. The company’s market cap is $92.08 million. Primero Mining Corp has a one year low of $0.44 and a one year high of $2.63.
Primero Mining Corp (NYSE:PPP) last announced its quarterly earnings data on Wednesday, March 15th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. Primero Mining Corp had a negative return on equity of 2.83% and a negative net margin of 59.85%. The firm had revenue of $52.20 million for the quarter, compared to analyst estimates of $54.30 million. The company’s quarterly revenue was down 26.9% compared to the same quarter last year. Equities analysts expect that Primero Mining Corp will post ($0.10) EPS for the current year.
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.