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 seven research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$0.87.
P has been the topic of a number of analyst reports. Desjardins lowered Primero Mining Corp from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. TD Securities decreased their price objective on 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. Finally, Scotiabank decreased their price objective on Primero Mining Corp from C$0.80 to C$0.25 and set a “sector perform” rating on the stock in a research note on Monday, August 14th.
Shares of Primero Mining Corp (P) traded up 8.33% during trading on Friday, hitting $0.13. 333,191 shares of the company were exchanged. Primero Mining Corp has a 12 month low of $0.11 and a 12 month high of $2.36. The firm’s 50-day moving average price is $0.34 and its 200 day moving average price is $0.61. The firm’s market capitalization is $24.97 million.
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Primero Mining Corp Company Profile
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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