Primero Mining Corp. (P) Receives Average Recommendation of “Hold” from Brokerages
Primero Mining Corp. (TSE:P) (NYSE:PPP) has received an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$0.60.
A number of research analysts have issued reports on the stock. Scotiabank reissued a “sector perform” rating on shares of Primero Mining in a research note on Wednesday, October 11th. Canaccord Genuity lowered shares of Primero Mining from a “buy” rating to a “speculative buy” rating and reduced their target price for the company from C$0.90 to C$0.40 in a research note on Friday, September 29th. TD Securities reduced their target price on shares of Primero Mining from C$0.60 to C$0.30 and set a “hold” rating for the company in a research note on Friday, August 11th. Finally, Royal Bank Of Canada lowered shares of Primero Mining from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 5th.
Primero Mining (P) opened at C$0.09 on Monday. Primero Mining has a fifty-two week low of C$0.08 and a fifty-two week high of C$1.28.
Primero Mining 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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