Primero Mining Corp (P) Receives C$1.04 Consensus Target Price from Brokerages

Shares of Primero Mining Corp (TSE:P) (NYSE:PPP) have received an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$1.04.

A number of research analysts recently weighed in on the stock. Scotiabank lowered their price objective on shares of Primero Mining Corp from C$1.50 to C$1.25 and set a “sector perform” rating on the stock in a research report on Friday, February 17th. BMO Capital Markets lowered their price objective on shares of Primero Mining Corp from C$1.30 to C$1.20 in a research report on Thursday, February 23rd. CIBC reduced their target price on shares of Primero Mining Corp from C$1.20 to C$0.80 in a report on Thursday, March 16th. TD Securities reduced their target price on shares of Primero Mining Corp from C$1.20 to C$0.90 and set a “hold” rating for the company in a report on Thursday, March 16th. Finally, Royal Bank Of Canada reduced their target price on shares of Primero Mining Corp from C$1.60 to C$0.95 and set a “sector perform” rating for the company in a report on Thursday, April 6th.

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Shares of Primero Mining Corp (P) traded down 2.13% during midday trading on Monday, hitting $0.46. 938,916 shares of the stock traded hands. Primero Mining Corp has a 52 week low of $0.45 and a 52 week high of $3.42. The firm’s market capitalization is $88.24 million. The company’s 50-day moving average is $0.60 and its 200 day moving average is $0.86.

Primero Mining Corp Company Profile

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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