Primero Mining Corp (TSE:P) (NYSE:PPP) was downgraded by research analysts at Canaccord Genuity from a “buy” rating to a “speculative buy” rating in a research report issued on Friday. They presently have a C$0.40 price target on the stock, down from their prior price target of C$0.90. Canaccord Genuity’s target price suggests a potential upside of 344.44% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada cut shares of Primero Mining Corp from a “sector perform” rating to an “underperform” rating in a report on Tuesday, September 5th. Scotiabank decreased their price target on shares of Primero Mining Corp from C$0.80 to C$0.25 and set a “sector perform” rating for the company in a report on Monday, August 14th. Finally, TD Securities reduced their target price on shares of Primero Mining Corp from C$0.60 to C$0.30 and set a “hold” rating for the company in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$0.71.

Shares of Primero Mining Corp (P) opened at 0.09 on Friday. Primero Mining Corp has a 12 month low of $0.08 and a 12 month high of $2.25. The stock’s market capitalization is $17.29 million. The stock’s 50 day moving average price is $0.18 and its 200-day moving average price is $0.50.

COPYRIGHT VIOLATION NOTICE: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/01/canaccord-genuity-downgrades-primero-mining-corp-p-to-speculative-buy.html.

About Primero Mining Corp

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 Corp (TSE:P)

Receive News & Stock Ratings for Primero Mining Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primero Mining Corp and related stocks with our FREE daily email newsletter.