Primero Mining Corp (P) Price Target Cut to C$1.20 by Analysts at BMO Capital Markets

Primero Mining Corp (TSE:P) (NYSE:PPP) had its price target cut by BMO Capital Markets from C$1.30 to C$1.20 in a research report released on Thursday.

P has been the topic of several other reports. CIBC dropped their target price on Primero Mining Corp from C$1.75 to C$1.50 in a report on Wednesday, January 11th. Scotiabank reiterated a sector perform rating and set a C$1.50 target price on shares of Primero Mining Corp in a report on Thursday, January 19th. Desjardins raised their target price on Primero Mining Corp from C$1.30 to C$1.40 in a report on Wednesday, December 21st. Royal Bank of Canada dropped their target price on Primero Mining Corp from C$3.00 to C$2.00 and set a sector perform rating on the stock in a report on Thursday, November 10th. Finally, TD Securities downgraded Primero Mining Corp from a buy rating to a hold rating and dropped their target price for the company from C$3.25 to C$1.65 in a report on Thursday, November 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of C$2.06.

Shares of Primero Mining Corp (TSE:P) remained flat at $0.89 during midday trading on Thursday. 385,740 shares of the company were exchanged. The stock has a 50-day moving average of $1.05 and a 200-day moving average of $1.56. The stock’s market capitalization is $167.58 million. Primero Mining Corp has a 52-week low of $0.86 and a 52-week high of $3.42.

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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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