Primero Mining (TSE:P) (NYSE:PPP) was downgraded by equities research analysts at Canaccord Genuity from a “speculative buy” rating to a “hold” rating in a research note issued on Monday. They currently have a C$0.30 target price on the stock, down from their prior target price of C$0.40. Canaccord Genuity’s target price indicates a potential upside of 11.11% from the company’s previous close.

Separately, Scotiabank restated a “sector perform” rating on shares of Primero Mining in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of C$0.58.

Primero Mining (P) traded up C$0.15 during midday trading on Monday, hitting C$0.27. 18,519,760 shares of the stock traded hands, compared to its average volume of 3,227,247. Primero Mining has a 12-month low of C$0.08 and a 12-month high of C$1.21. The company has a market cap of $51.91, a price-to-earnings ratio of -0.09 and a beta of -0.45.

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About Primero Mining

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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