Primero Mining Corp (TSE:P) (NYSE:PPP) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$0.60.
P has been the subject of a number of recent analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of Primero Mining Corp in a report on Wednesday, October 11th. Canaccord Genuity cut shares of Primero Mining Corp from a “buy” rating to a “speculative buy” rating and cut their price objective for the company from C$0.90 to C$0.40 in a report on Friday, September 29th. TD Securities cut their price objective on shares of Primero Mining Corp from C$0.60 to C$0.30 and set a “hold” rating for the company in a report on Friday, August 11th. Finally, 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.
Shares of Primero Mining Corp (P) remained flat at $C$0.09 during trading 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 1-year low of C$0.08 and a 1-year high of C$1.30.
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.
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