Primero Mining Corp (P) Receives Consensus Recommendation of “Hold” from Brokerages
Primero Mining Corp (TSE:P) (NYSE:PPP) has been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$0.60.
P has been the subject of a number of analyst reports. TD Securities reduced their price objective 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 note on Friday, August 11th. Scotiabank reduced their price objective on shares of Primero Mining Corp from C$0.80 to C$0.25 and set a “sector perform” rating for the company in a research note on Monday, August 14th. Canaccord Genuity lowered shares of Primero Mining Corp from a “buy” rating to a “speculative buy” rating and reduced their price objective for the company from C$0.90 to C$0.40 in a research note on Friday, September 29th. Finally, Royal Bank Of Canada lowered shares of Primero Mining Corp from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 5th.
Shares of Primero Mining Corp (TSE P) traded up C$0.01 during midday trading on Thursday, reaching C$0.09. 323,300 shares of the company’s stock were exchanged, compared to its average volume of 403,279. Primero Mining Corp has a 52 week low of C$0.08 and a 52 week high of C$1.83.
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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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