Primero Mining Corp (P) PT Lowered to C$0.30 at TD Securities
Primero Mining Corp (TSE:P) (NYSE:PPP) had its price target reduced by stock analysts at TD Securities from C$0.60 to C$0.30 in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 22.45% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Scotiabank lowered their target price on shares of Primero Mining Corp from C$1.00 to C$0.80 and set a “sector perform” rating on the stock in a report on Thursday, May 4th. BMO Capital Markets restated a “market perform” rating and set a C$0.90 target price on shares of Primero Mining Corp in a report on Monday, April 17th. Finally, Desjardins downgraded shares of Primero Mining Corp from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Primero Mining Corp presently has a consensus rating of “Hold” and an average target price of C$1.02.
Primero Mining Corp (TSE P) traded down 5.1020% on Friday, reaching $0.2325. 2,087,780 shares of the company’s stock traded hands. The stock’s 50 day moving average is $0.44 and its 200 day moving average is $0.68. The firm’s market cap is $44.60 million. Primero Mining Corp has a 52-week low of $0.23 and a 52-week high of $2.40.
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Primero Mining Corp Company Profile
Primero Mining Corp., a precious metals producer, engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico. The company primarily explores for gold and silver deposits. It holds interests in the San Dimas Mine and the Cerro del Gallo project located in Mexico; and the Black Fox mine and adjoining properties located in the Timmins mining district, Ontario, Canada.
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