Primero Mining Corp (P) Price Target Cut to C$1.25

Primero Mining Corp (TSE:P) (NYSE:PPP) had its price target lowered by research analysts at Scotiabank from C$1.50 to C$1.25 in a research report issued to clients and investors on Friday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 25.00% from the stock’s previous close.

P has been the subject of several other research reports. CIBC lowered their price target on Primero Mining Corp from C$1.50 to C$1.20 in a research report on Thursday, January 19th. Desjardins lifted their price target on Primero Mining Corp from C$1.30 to C$1.40 in a research report on Wednesday, December 21st. Canaccord Genuity lowered their price target on Primero Mining Corp from C$4.25 to C$3.25 in a research report on Monday, October 24th. BMO Capital Markets lowered their price target on Primero Mining Corp from C$2.75 to C$1.60 in a research report on Thursday, November 10th. Finally, TD Securities lowered Primero Mining Corp from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$3.25 to C$1.65 in a research report on Thursday, November 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$2.11.

Analyst Recommendations for Primero Mining Corp (TSE:P)

Shares of Primero Mining Corp (TSE:P) traded up 1.500% during trading on Friday, reaching $1.015. 388,996 shares of the company’s stock were exchanged. The firm’s market cap is $191.11 million. Primero Mining Corp has a 12 month low of $0.94 and a 12 month high of $3.42. The stock has a 50-day moving average price of $1.06 and a 200 day moving average price of $1.60.

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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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