Primero Mining Corp (PPP) : Traders are bullish on Primero Mining Corp (PPP) as it has outperformed the S&P 500 by a wide margin of 3.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.22% in the last 1 week, and is up 2.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.47% and the 50-Day Moving Average is 7.17%.The 200 Day SMA reached 13.78%
Primero Mining Corp (NYSE:PPP): The stock opened in the green at $1.69 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $1.72 and a low of $1.65 for the day. The stock did not find buyers even at the lows and closed at $1.66 recording a loss of -1.78%. 604,236 shares exchanged hands during the trading day. The stock had closed at $1.66 in the previous days trading.
Primero Mining Corp (PPP) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $3 and the lowest price target forecast is $2. The average forecast of all the analysts is $2.22 and the expected standard deviation is $0.26.
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.