Primero Mining Corp (NYSE:PPP) Receives Daily News Sentiment Rating of 0.04

News articles about Primero Mining Corp (NYSE:PPP) (TSE:P) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Primero Mining Corp earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.5471663184921 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

Shares of Primero Mining Corp (NYSE PPP) opened at 0.1571 on Friday. The stock’s market capitalization is $30.18 million. Primero Mining Corp has a 52-week low of $0.16 and a 52-week high of $1.86. The company has a 50 day moving average of $0.33 and a 200 day moving average of $0.50.

Primero Mining Corp (NYSE:PPP) (TSE:P) last issued its quarterly earnings results on Thursday, August 10th. The basic materials company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $16.23 million for the quarter, compared to analyst estimates of $44.64 million. Primero Mining Corp had a negative return on equity of 2.89% and a negative net margin of 299.62%. The company’s quarterly revenue was down 61.9% compared to the same quarter last year. During the same period last year, the company earned ($0.02) earnings per share. Analysts predict that Primero Mining Corp will post ($0.05) EPS for the current fiscal year.

A number of equities analysts have recently weighed in on PPP shares. Zacks Investment Research cut shares of Primero Mining Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada set a $1.00 price target on shares of Primero Mining Corp and gave the stock a “hold” rating in a research note on Monday, May 8th. Desjardins cut shares of Primero Mining Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, ValuEngine cut shares of Primero Mining Corp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.67.

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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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