Zacks Investment Research upgraded shares of Primero Mining Corp (OTCMKTS:PPPMF) from a hold rating to a buy rating in a research note released on Tuesday morning.

According to Zacks, “Primero Mining Corporation is engaged in exploration, acquisition and development of mineral resource properties. The Company mainly explores for gold and silver. Its properties include San Dimas gold-silver mine in Mexico. It focuses on building a precious metals portfolio in the Americas. Primero Mining Corporation is based in Canada. “

Separately, Royal Bank Of Canada cut Primero Mining Corp from a sector perform rating to an underperform rating in a report on Tuesday, September 5th.

Shares of Primero Mining Corp (OTCMKTS PPPMF) opened at $0.08 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.16. Primero Mining Corp has a 1-year low of $0.06 and a 1-year high of $0.97.

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A hedge fund recently raised its stake in Primero Mining Corp stock. Global X Management Co. LLC grew its holdings in Primero Mining Corp (OTCMKTS:PPPMF) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,462,368 shares of the company’s stock after buying an additional 37,601 shares during the quarter. Global X Management Co. LLC owned about 1.28% of Primero Mining Corp worth $853,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.78% of the company’s stock.

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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