Primero Mining Corp (P) Earns “Sector Perform” Rating from Scotiabank
Primero Mining Corp (TSE:P)‘s stock had its “sector perform” rating reiterated by stock analysts at Scotiabank in a research report issued on Tuesday, StockTargetPrices.com reports. They presently have a C$3.50 price target on the stock. Scotiabank’s price target would indicate a potential upside of 70.73% from the company’s current price.
A number of other brokerages have also recently issued reports on P. Canaccord Genuity raised their price objective on shares of Primero Mining Corp from C$4.00 to C$4.50 in a research note on Tuesday, July 12th. Desjardins cut shares of Primero Mining Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Dundee Securities cut shares of Primero Mining Corp from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$3.20 price objective on shares of Primero Mining Corp in a research note on Thursday, June 30th. Finally, TD Securities reduced their price target on shares of Primero Mining Corp from C$3.50 to C$3.25 and set a “buy” rating on the stock in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$3.12.
Shares of Primero Mining Corp (TSE:P) traded up 3.90% during midday trading on Tuesday, reaching $2.13. 466,376 shares of the company were exchanged. Primero Mining Corp has a 52-week low of $1.93 and a 52-week high of $3.94. The company’s market capitalization is $399.87 million. The stock has a 50-day moving average price of $2.24 and a 200 day moving average price of $2.45.
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