Realistic Expectations and Target PriceSince Oct 31st, 2014, this stock has been on a somewhat steady decline at $3.42 per share.
If it took it almost three years to hit this low, bad earnings, bad management, bad leadership, bad choices etc, plus this strike are all reasons this is down and wont move; it is going to take as long if not longer to rebound to that share price if not longer. It takes a lot less time for shareholders to bail then it does to build investor confidence for them to invest and stay areound if and when things get bad.
Corporate turn arounds are the hardest thing to pull off successfully. Truth is, Primero is in for a very nasty and bumpy ride. Especially this upcoming earnings and for the next 7 earnings periods.
If they renogotiate the streaming deal, make San Dimas and Fox profitable, Gold goes above 1310 and stays thereand they meat or beat earnings, then and only then is what needs to happen for this stock to even move anywhere. If it does move it will be at a snails pace.
If they pull off the above and nail it 100% perfectly then expect the share price to rise about 6-15 cents per month.
This stock may hit a new 52 week low in the upcoming weeks considering earnings etc.
My positions:
I purchased at .53 and sold at .63. I made over 10k. This stock will not gap up and make everyone rich. what it will do is slowly creep up fighting for every penny to win back investor sentiment.
Conclusion:
If you are interested in being a shareholder, only buy at .54 and below, but beware, it may make another 52 week low.
If they perform flawlessly and dont get taken over...
My price target is as follows... 12 month=1.25 16 month=1.40 18 month= 1.65 24 month=2.01 36 month=3.50
Disclaimer... I am not your broker or financial planner. I am not licensed nor affiliated with any broker etc. The above represents an opinion, not actual fact. Trade at your own risk, the above is an opinion and should not be misconstrude as investment advice, again, it is an opinion from research I have done and my beliefs. Your results and mileage may vary...
Good day all.