Fiera Capital Corporation recently revealed that they own a 5% stake in Primero Mining Corp (NYSE:PPP) in a Form 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, January 22nd. The investor owns 8,243,289 shares of the stock worth about $17,063,608. The filing is available through EDGAR at this link.

Separately, Montrusco Bolton Investments raised its stake in Primero Mining Corp by 13.2% in the fourth quarter. Montrusco Bolton Investments now owns 8,902,940 shares of the company’s stock worth $19,997,000 after buying an additional 1,039,030 shares during the period.

Shares of Primero Mining Corp (NYSE:PPP) opened at 2.07 on Friday. The company has a 50-day moving average price of $2.30 and a 200-day moving average price of $2.55. Primero Mining Corp has a 52 week low of $1.83 and a 52 week high of $4.49. The stock’s market cap is $336.36 million.

A number of analysts have recently weighed in on PPP shares. Zacks Investment Research lowered Primero Mining Corp from a “hold” rating to a “strong sell” rating in a research note on Sunday, January 17th. RBC Capital dropped their price objective on Primero Mining Corp from $4.75 to $4.50 and set an “outperform” rating for the company in a research note on Monday, October 5th. Finally, TD Securities reissued a “buy” rating and set a $6.50 price objective (down previously from $7.00) on shares of Primero Mining Corp in a research note on Thursday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $5.00.

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 Mexico’s 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.

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