Primero Mining Corp (P) Receives Average Recommendation of “Hold” from Brokerages
Shares of Primero Mining Corp (TSE:P) (NYSE:PPP) have received an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$1.04.
A number of equities analysts have recently weighed in on the stock. CIBC lowered their price target on shares of Primero Mining Corp from C$1.20 to C$0.80 in a research note on Thursday, March 16th. BMO Capital Markets lowered their price target on shares of Primero Mining Corp from C$1.30 to C$1.20 in a research note on Thursday, February 23rd. TD Securities lowered their price target on shares of Primero Mining Corp from C$0.90 to C$0.80 and set a “hold” rating on the stock in a research note on Thursday, May 4th. Scotiabank reaffirmed a “sector perform” rating and set a C$1.00 price target on shares of Primero Mining Corp in a research note on Monday, April 17th. Finally, Royal Bank Of Canada lowered their price target on shares of Primero Mining Corp from C$1.60 to C$0.95 and set a “sector perform” rating on the stock in a research note on Thursday, April 6th.
Primero Mining Corp (P) traded down 1.020% during mid-day trading on Monday, reaching $0.485. 120,956 shares of the company traded hands. The firm’s market capitalization is $93.04 million. Primero Mining Corp has a 52 week low of $0.48 and a 52 week high of $3.42. The stock’s 50 day moving average price is $0.62 and its 200 day moving average price is $0.87.
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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