Primero Mining Corp (P) Downgraded by Royal Bank Of Canada
Primero Mining Corp (TSE:P) (NYSE:PPP) was downgraded by equities research analysts at Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a research report issued on Tuesday.
Several other analysts have also weighed in on the stock. Desjardins lowered shares of Primero Mining Corp from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Scotiabank lowered their price target on shares of Primero Mining Corp from C$0.80 to C$0.25 and set a “sector perform” rating for the company in a report on Monday, August 14th. Finally, TD Securities lowered their price target on shares of Primero Mining Corp from C$0.60 to C$0.30 and set a “hold” rating for the company in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$0.94.
Shares of Primero Mining Corp (P) traded down 4.545% during mid-day trading on Tuesday, reaching $0.105. The company had a trading volume of 340,025 shares. The company’s 50-day moving average price is $0.29 and its 200-day moving average price is $0.55. The company’s market capitalization is $20.17 million. Primero Mining Corp has a 52-week low of $0.11 and a 52-week high of $2.33.
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Primero Mining Corp Company Profile
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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