Primero Mining Corp (P) Given Average Rating of “Hold” by Brokerages
Shares of Primero Mining Corp (TSE:P) (NYSE:PPP) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$0.60.
P has been the topic of a number of research reports. Scotiabank reissued a “sector perform” rating on shares of Primero Mining Corp in a research note on Wednesday, October 11th. Royal Bank Of Canada downgraded Primero Mining Corp from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 5th. Canaccord Genuity downgraded Primero Mining Corp from a “buy” rating to a “speculative buy” rating and dropped their price objective for the stock from C$0.90 to C$0.40 in a research note on Friday, September 29th. Finally, TD Securities dropped their price objective on Primero Mining Corp from C$0.60 to C$0.30 and set a “hold” rating on the stock in a research note on Friday, August 11th.
Primero Mining Corp (TSE:P) remained flat at $C$0.09 on Thursday. The company’s stock had a trading volume of 1,174,083 shares, compared to its average volume of 624,799. Primero Mining Corp has a 52-week low of C$0.08 and a 52-week high of C$1.30.
Primero Mining Corp 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.
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