Primero Mining Corp Receives Consensus Rating of “Buy” from Analysts (TSE:P)
Primero Mining Corp (TSE:P) has earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, American Banking News reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$17.86.
Primero Mining Corp (TSE:P) traded down 1.95% during mid-day trading on Friday, hitting $7.03. The stock had a trading volume of 156,788 shares. Primero Mining Corp has a 1-year low of $4.26 and a 1-year high of $9.04. The stock’s 50-day moving average is $7. and its 200-day moving average is $6.56. The company’s market cap is $1.122 billion.
Primero Mining Corp (TSE:P) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.04. Analysts expect that Primero Mining Corp will post $0.11 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Primero Mining Corp in a research note on Friday, May 9th. They now have a C$9.00 price target on the stock, down previously from C$9.25. Separately, analysts at Pi Financial cut their price target on shares of Primero Mining Corp from C$9.70 to C$9.40 in a research note on Friday, May 9th. Finally, analysts at Desjardins cut their price target on shares of Primero Mining Corp from C$10.00 to C$9.50 in a research note on Monday, April 7th.
Primero Mining Corp. (TSE:P) is a precious metals producer with operations in Mexico.
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