Primero Mining Corp (TSE:P) (NYSE:PPP) has been given an average rating of “Hold” by the seven brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$0.58.
Separately, Canaccord Genuity cut Primero Mining from a “speculative buy” rating to a “hold” rating and dropped their price objective for the company from C$0.40 to C$0.30 in a report on Monday, January 15th.
Primero Mining (TSE P) traded down C$0.01 on Friday, reaching C$0.23. The company had a trading volume of 111,650 shares, compared to its average volume of 1,787,633. Primero Mining has a one year low of C$0.08 and a one year high of C$1.03. The stock has a market cap of $43.26, a PE ratio of -0.08 and a beta of 1.29.
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About Primero Mining
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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