Primero Mining Corp (P) Rating Reiterated by Scotiabank
Primero Mining Corp (TSE:P)‘s stock had its “sector perform” rating reiterated by analysts at Scotiabank in a research note issued to investors on Tuesday. They presently have a C$3.50 price target on the stock. Scotiabank’s price objective indicates a potential upside of 52.84% from the stock’s previous close.
A number of other research analysts have also weighed in on P. Canaccord Genuity upgraded shares of Primero Mining Corp from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$2.50 to C$4.00 in a research note on Thursday, June 16th. TD Securities reduced their price objective on shares of Primero Mining Corp from C$3.50 to C$3.25 and set a “buy” rating for the company in a research note on Tuesday, June 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$3.20 price objective on shares of Primero Mining Corp in a research note on Thursday, June 30th. Desjardins lowered shares of Primero Mining Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Dundee Securities lowered shares of Primero Mining Corp from a “buy” rating to a “neutral” rating in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Primero Mining Corp has an average rating of “Hold” and a consensus price target of C$3.12.
Primero Mining Corp (TSE:P) opened at 2.29 on Tuesday. The company’s market capitalization is $429.91 million. Primero Mining Corp has a 52 week low of $1.93 and a 52 week high of $3.94. The stock has a 50 day moving average price of $2.21 and a 200-day moving average price of $2.45.
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