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.

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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.

Analyst Recommendations for Primero Mining (TSE:P)

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