Cormark Comments on Primero Mining Corp’s FY2016 Earnings (P)
Primero Mining Corp (TSE:P) – Equities research analysts at Cormark decreased their FY2016 earnings per share (EPS) estimates for Primero Mining Corp in a research report issued to clients and investors on Thursday. Cormark analyst R. Gray now forecasts that the firm will post earnings per share of ($0.15) for the year, down from their previous forecast of ($0.04). Cormark also issued estimates for Primero Mining Corp’s Q1 2017 earnings at $0.00 EPS, Q2 2017 earnings at $0.00 EPS, Q3 2017 earnings at $0.02 EPS, Q4 2017 earnings at $0.00 EPS and FY2017 earnings at $0.01 EPS.
Other equities research analysts have also recently issued research reports about the company. Scotiabank lowered their price target on Primero Mining Corp from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a report on Friday, August 5th. Cantor Fitzgerald lowered Primero Mining Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Canaccord Genuity reduced their target price on Primero Mining Corp from C$4.50 to C$4.25 and set a “buy” rating on the stock in a research note on Saturday, August 6th. Desjardins lowered Primero Mining Corp from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Finally, Dundee Securities lowered Primero Mining Corp from a “neutral” rating to a “sell” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Primero Mining Corp has an average rating of “Hold” and an average target price of C$2.46.
Primero Mining Corp (TSE:P) opened at 1.07 on Monday. Primero Mining Corp has a 12 month low of $1.01 and a 12 month high of $3.78. The company’s 50-day moving average price is $1.89 and its 200-day moving average price is $2.32. The stock’s market cap is $201.08 million.
About Primero Mining Corp
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