Primero Mining Corp (P) Receives C$0.58 Consensus Price Target from Brokerages

Primero Mining Corp (TSE:P) (NYSE:PPP) has been given an average rating of “Hold” by the seven brokerages that are covering the company, 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.

Analyst Recommendations for Primero Mining (TSE:P)

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