Primero Mining Corp’s (P) “Sector Perform” Rating Reiterated at Scotiabank
Primero Mining Corp (TSE:P)‘s stock had its “sector perform” rating restated by investment analysts at Scotiabank in a note issued to investors on Tuesday. They presently have a C$3.50 target price on the stock. Scotiabank’s price target would indicate a potential upside of 70.73% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Canaccord Genuity upped 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 reissued an “outperform” rating and set a C$3.20 price target on shares of Primero Mining Corp in a research note on Thursday, June 30th. Finally, TD Securities decreased 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 note on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Primero Mining Corp currently has an average rating of “Hold” and a consensus price target of C$3.12.
Primero Mining Corp (TSE:P) traded up 3.41% on Tuesday, hitting $2.12. The company’s stock had a trading volume of 433,576 shares. Primero Mining Corp has a 1-year low of $1.93 and a 1-year high of $3.94. The company’s market capitalization is $397.99 million. The company has a 50 day moving average price of $2.24 and a 200-day moving average price of $2.45.
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