Primero Mining Corp’s (P) “Sector Perform” Rating Reaffirmed at Scotiabank

Primero Mining Corp (TSE:P) (NYSE:PPP)‘s stock had its “sector perform” rating restated by Scotiabank in a note issued to investors on Monday. They currently have a C$1.00 price target on the stock. Scotiabank’s target price indicates a potential upside of 28.21% from the stock’s current price.

A number of other research firms have also commented on P. CIBC reduced their price target on shares of Primero Mining Corp from C$1.75 to C$1.50 in a research report on Wednesday, January 11th. Desjardins boosted their price target on shares of Primero Mining Corp from C$1.30 to C$1.40 in a research report on Wednesday, December 21st. BMO Capital Markets reduced their price target on shares of Primero Mining Corp from C$1.30 to C$1.20 in a research report on Thursday, February 23rd. Finally, TD Securities reduced their price target on shares of Primero Mining Corp from C$1.20 to C$0.90 and set a “hold” rating on the stock in a research report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$1.92.

Analyst Recommendations for Primero Mining Corp (TSE:P)

Shares of Primero Mining Corp (TSE:P) traded up 2.63% during mid-day trading on Monday, reaching $0.78. 435,780 shares of the company were exchanged. The firm has a 50-day moving average price of $0.89 and a 200 day moving average price of $1.32. The stock’s market capitalization is $148.92 million. Primero Mining Corp has a 12 month low of $0.70 and a 12 month high of $3.42.

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About Primero Mining Corp

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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