Primero Mining Corp (P) Given Average Recommendation of “Hold” by Brokerages
Shares of Primero Mining Corp (TSE:P) (NYSE:PPP) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$0.85.
Several brokerages recently issued reports on P. Royal Bank Of Canada lowered shares of Primero Mining Corp from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 5th. Scotiabank cut their price target on shares of Primero Mining Corp from C$0.80 to C$0.25 and set a “sector perform” rating on the stock in a report on Monday, August 14th. Finally, TD Securities cut their price target on shares of Primero Mining Corp from C$0.60 to C$0.30 and set a “hold” rating on the stock in a report on Friday, August 11th.
Primero Mining Corp (P) remained flat at $0.09 during trading on Wednesday. 101,094 shares of the company were exchanged. The stock’s 50-day moving average price is $0.18 and its 200 day moving average price is $0.50. The company’s market cap is $17.29 million. Primero Mining Corp has a 12-month low of $0.09 and a 12-month high of $2.33.
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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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