Primero Mining Corp (P) Receives Average Recommendation of “Hold” from Brokerages

Primero Mining Corp (TSE:P) (NYSE:PPP) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$0.58.

Separately, Canaccord Genuity lowered shares of Primero Mining from a “speculative buy” rating to a “hold” rating and reduced their price objective for the company from C$0.40 to C$0.30 in a research note on Monday, January 15th.

Shares of Primero Mining (P) opened at C$0.25 on Wednesday. The firm has a market cap of $45.13, a PE ratio of -0.08 and a beta of 1.27. Primero Mining has a 12 month low of C$0.08 and a 12 month high of C$0.84.

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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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