  The structure and magnetic properties of nanocrystalline PrCo$_3$ obtained
from high energy milling technique are investigated by X-ray diffraction, Curie
temperature determination and magnetic properties measurements are reported.
The as-milled samples have been annealed in a temperature range of 1023 K to
1273 K for 30 mn to optimize the extrinsic properties. The Curie temperature is
349\,K and coercive fields of 55\,kOe at 10\,K and 12\,kOe at 293\,K are
obtained on the samples annealed at 1023\,K. A simulation of the magnetic
properties in the framework of micromagnetism has been performed in order to
investigate the influence of the nanoscale structure. A composite model with
hard crystallites embedded in an amorphous matrix, corresponding to the
as-milled material, leads to satisfying agreement with the experimental
magnetization curve. [ K. Younsi, V. Russier and L. Bessais, J. Appl. Phys.
{\bf 107}, 083916 (2010)]. The microscopic scale will also be considered from
DFT based calculations of the electronic structure of $R$Co$_x$ compounds,
where $R$ = (Y, Pr) and $x$ = 2,3 and 5.
