Primero Mining (PPP) in Focus: Stock Moves 11.4% Higher - Tale of the Tape
March 14 2014 - 8:57AM
Zacks
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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ANGLOGOLD LTD (AU): Free Stock Analysis Report
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