Primero Mining Corp (PPP) Shares are Up 1.71%

Primero Mining Corp (PPP) has been under a strong bear grip, hence the stock is down -26.59% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.66% in the past 1 week. The stock has risen by 1.71% in the past week indicating that the buyers are active at lower levels, but the stock is down -25.83% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 15.54% and the 50-Day Moving Average is 15.37%. Primero Mining Corp (NYSE:PPP): On Fridays trading session , Opening price of the stock was $1.83 with an intraday high of $1.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.76. However, the stock managed to close at $1.78, a loss of 1.11% for the day. On the previous day, the stock had closed at $1.8. The total traded volume of the day was 821,146 shares.


Institutional Investors own 51.28% of Primero Mining Corp shares. Also, Equity Analysts at the RBC Capital downgrades the rating on Primero Mining Corp (NYSE:PPP). The brokerage firm has issued a Sector Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 8, 2016.

Primero Mining Corp. is a Canada-based precious metals producer. The Company is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. It operates in the Mexico and Canada segments. It owns two producing properties: the San Dimas gold-silver mine, located in Mexicos San Dimas district, on the border of Durango and Sinaloa states and the Black Fox mine located in the Township of Black River? Matheson, Ontario, Canada. The Company owns properties adjacent to the Black Fox mine: Grey Fox and Pike River, which together with the Black Fox mine and the Black Fox mill, located on the Stock Mill property, comprise the Black Fox Complex. In addition, it owns one development-stage project; the Cerro del Gallo gold-silver-copper project, located in the state of Guanajuato in central Mexico. Further, the Company has one exploration property, Ventanas, located in Durango State, Mexico.

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