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.
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.
This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/primero-mining-corp-p-price-target-cut-to-c1-25/1208634.html
“Primero Mining Corp (P) Price Target Cut to C$1.25” was originally reported by Zolmax and is the property of of Zolmax. If you are accessing this report on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The correct version of this report can be viewed at https://zolmax.com/investing/primero-mining-corp-p-price-target-cut-to-c1-25/1208634.html.
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.
Receive News & Ratings for Primero Mining Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primero Mining Corp and related companies with MarketBeat.com's FREE daily email newsletter.