FY2017 Earnings Forecast for Primero Mining Corp (P) Issued By Desjardins
Primero Mining Corp (TSE:P) (NYSE:PPP) – Analysts at Desjardins issued their FY2017 earnings per share (EPS) estimates for Primero Mining Corp in a research report issued to clients and investors on Monday. Desjardins analyst M. Parkin forecasts that the company will post earnings per share of ($0.16) for the year. Desjardins has a “Sell” rating on the stock.
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A number of other equities analysts have also weighed in on P. Scotiabank reissued a “sector perform” rating and issued a C$1.00 target price on shares of Primero Mining Corp in a research report on Monday, March 27th. BMO Capital Markets decreased their target price on Primero Mining Corp from C$1.30 to C$1.20 in a research report on Thursday, February 23rd. TD Securities decreased their target price on Primero Mining Corp from C$1.20 to C$0.90 and set a “hold” rating for the company in a research report on Thursday, March 16th. CIBC decreased their target price on Primero Mining Corp from C$1.20 to C$0.80 in a research report on Thursday, March 16th. Finally, Royal Bank of Canada decreased their target price on Primero Mining Corp from C$1.60 to C$0.95 and set a “sector perform” rating for the company in a research report on Thursday, April 6th. Three investment 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’s stock. The stock has an average rating of “Hold” and an average price target of C$1.09.
Shares of Primero Mining Corp (TSE:P) traded down 2.90% during mid-day trading on Thursday, hitting $0.67. 9,701 shares of the stock traded hands. The company’s market capitalization is $128.53 million. The company’s 50-day moving average price is $0.71 and its 200 day moving average price is $0.97. Primero Mining Corp has a 1-year low of $0.60 and a 1-year high of $3.42.
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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