02:47:27 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Primero Mining Corp
Symbol P
Shares Issued 159,961,376
Close 2014-09-02 C$ 7.13
Market Cap C$ 1,140,524,611
Recent Sedar Documents

Globe says Primero, others have room to appreciate

2014-09-03 06:17 ET - In the News

Also In the News (C-BTO) B2Gold Corp
Also In the News (C-FR) First Majestic Silver Corp

The Globe and Mail attempts to identify Canadian gold miners poised to pop in its Wednesday, Sept. 3, edition. The Globe's Peter Ashton writes in the Number Cruncher column that if bullion surges this September as it has done in the past, it could boost the share prices of Canadian gold mining stocks. Mr. Ashton looked for Canadian gold miners trading significantly off their 52-week highs. He began by setting a minimum market capitalization threshold of $1-billion to focus on larger, more established companies in the market. Next, he looked for companies trading at least 15 per cent off their 52-week highs and therefore having room to appreciate. In order to select companies with strong fundamentals and outlooks, Mr. Ashton used analyst consensus ratings to consider only stocks rated either "buy" or "strong buy." Primero Mining is a gold and silver producer with operations in Canada and Mexico. The stock is off more than 20 per cent from its 52-week high. However, on Aug. 26 the relative strength index (RSI) of the stock dropped below 30, signalling that the stock may be oversold. Other gold stocks that shine for Mr. Ashton are First Majestic Silver and B2Gold.

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