Primero Mining Corp (P) Receives Average Recommendation of “Hold” from Analysts
Shares of Primero Mining Corp (TSE:P) (NYSE:PPP) have been given an average rating of “Hold” by the nine analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$1.04.
P has been the topic of a number of research reports. Desjardins lowered shares of Primero Mining Corp from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. Scotiabank reissued a “sector perform” rating and set a C$1.00 price target on shares of Primero Mining Corp in a research note on Tuesday, April 4th. TD Securities dropped their price target on shares of Primero Mining Corp from C$1.20 to C$0.90 and set a “hold” rating for the company in a research note on Thursday, March 16th. Royal Bank Of Canada dropped their price target on shares of Primero Mining Corp from C$1.60 to C$0.95 and set a “sector perform” rating for the company in a research note on Thursday, April 6th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$0.90 price target on shares of Primero Mining Corp in a research note on Monday, April 17th.
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Primero Mining Corp (TSE:P) traded down 4.65% on Friday, hitting $0.41. 52,773 shares of the company were exchanged. The firm’s market cap is $78.65 million. Primero Mining Corp has a one year low of $0.41 and a one year high of $3.42. The stock has a 50 day moving average price of $0.55 and a 200 day moving average price of $0.80.
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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