Somewhat Positive Media Coverage Likely to Affect Primero Mining Corp (PPP) Share Price

News articles about Primero Mining Corp (NYSE:PPP) (TSE:P) have trended somewhat positive on Friday, Alpha One Sentiment reports. The research group, a subsidiary of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Alpha One 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 coverage optimism score of 0.10 on Alpha One’s scale. Alpha One also assigned news stories about the basic materials company an impact score of 70 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected AlphaOne Sentiment Analysis’s analysis:

Insider Buying and Selling by Quarter for Primero Mining Corp (NYSE:PPP)

A number of equities research analysts have commented on PPP shares. 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, Royal Bank of Canada set a $1.00 target price on Primero Mining Corp and gave the company a “hold” rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Primero Mining Corp currently has an average rating of “Hold” and an average price target of $2.45.

Shares of Primero Mining Corp (NYSE:PPP) traded down 1.3994% on Friday, hitting $0.3382. The company’s stock had a trading volume of 10,820,838 shares. The company’s market cap is $64.88 million. The stock’s 50 day moving average is $0.44 and its 200-day moving average is $0.64. Primero Mining Corp has a 52 week low of $0.34 and a 52 week high of $2.63.

Primero Mining Corp (NYSE:PPP) (TSE:P) last posted its quarterly earnings data on Wednesday, March 15th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. Primero Mining Corp had a negative net margin of 100.69% and a negative return on equity of 2.18%. The firm had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $54.30 million. Primero Mining Corp’s revenue was down 26.9% on a year-over-year basis. On average, equities research analysts anticipate that Primero Mining Corp will post ($0.06) earnings per share for the current year.

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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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