Primero Mining (P) Receives C$0.50 Average Price Target from Brokerages

Shares of Primero Mining (TSE:P) (NYSE:PPP) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$0.50.

Separately, Canaccord Genuity cut shares of Primero Mining from a “speculative buy” rating to a “hold” rating and dropped their target price for the company from C$0.40 to C$0.30 in a research note on Monday, January 15th.

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P remained flat at $C$0.26 during midday trading on Friday. 204,172 shares of the company’s stock were exchanged, compared to its average volume of 998,550. Primero Mining has a 52-week low of C$0.08 and a 52-week high of C$0.84.

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About Primero Mining

Primero Mining Corp., a precious metals producer, engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico. The company primarily explores for gold and silver deposits. It holds interests in the San Dimas Mine and the Cerro del Gallo project located in Mexico; and the Black Fox mine and adjoining properties located in the Timmins mining district, Ontario, Canada.

Analyst Recommendations for Primero Mining (TSE:P)

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