Brokerages Set Primero Mining Corp (P) PT at $0.60

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.

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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.

Analyst Recommendations for Primero Mining Corp (TSE:P)

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