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Primero Mining (PPP) in Focus: Stock Moves 11.4% Higher

Zacks Equity Research

Primero Mining Corp. (PPP) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.08 to $6.91 in the past one-month time frame.

 The company has seen three negative revisions in the past 30 days while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.

Primero Mining currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

However, some better-ranked stocks in the gold mining industry include AngloGold Ashanti Ltd. (AU), NovaGold Resources Inc. (NG) and Richmont Mines Inc. (RIC). While AngloGold Ashanti sports a Zacks Rank #1 (Strong Buy), NovaGold Resources and Richmont Mines have a Zacks Rank #2 (Buy).

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PRIMERO MINING CORP (PPP): Free Stock Analysis Report

ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report

NOVAGOLD RESOURCES INC (NG): Free Stock Analysis Report

RICHMONT MINES INC (RIC): Free Stock Analysis Report

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