Primero Mining Corp (P) Price Target Lowered to C$0.25 at Scotiabank
Primero Mining Corp (TSE:P) (NYSE:PPP) had its price objective cut by stock analysts at Scotiabank from C$0.80 to C$0.25 in a research note issued on Monday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 4.17% from the company’s current price.
Other equities analysts have also issued reports about the stock. TD Securities reduced their price target on shares of Primero Mining Corp from C$0.60 to C$0.30 and set a “hold” rating for the company in a research report on Friday. Desjardins lowered shares of Primero Mining Corp from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$0.90 price objective on shares of Primero Mining Corp in a research note on Monday, April 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Primero Mining Corp presently has an average rating of “Hold” and an average price target of C$0.94.
Shares of Primero Mining Corp (P) traded down 31.250% during mid-day trading on Monday, reaching $0.165. 3,204,104 shares of the company traded hands. Primero Mining Corp has a 52 week low of $0.16 and a 52 week high of $2.40. The firm’s market capitalization is $31.67 million. The firm has a 50-day moving average price of $0.43 and a 200 day moving average price of $0.67.
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About Primero Mining Corp
Primero Mining Corp., a precious metals producer, engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico. The company primarily explores for gold and silver deposits. It holds interests in the San Dimas Mine and the Cerro del Gallo project located in Mexico; and the Black Fox mine and adjoining properties located in the Timmins mining district, Ontario, Canada.
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