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Scotia Capital disclosed Primero Mining Corp (TSE:P), bumping down its price target to $1.00 earlier today

Scotia Capital bumped down the target of Primero Mining Corp (TSE:P) to $1.00 indicating a possible upside of 0.28%.

Previously on 2/17/2017, Scotia Capital reported about Primero Mining Corp (TSE:P) lowered the target price from $1.50 to $1.25. At the time, this indicated a possible upside of 0.24%.

Yesterday Primero Mining Corp (TSE:P) traded -2.50% lower at $0.78. The company’s 50-day moving average is $0.94 and its 200-day moving average is $1.40. The last stock close price is down -44.26% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 470,207 shares of the stock were exchanged, down from an average trading volume of 609,213

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Primero Mining Corp has a 52 week low of $0.70 and a 52 week high of $3.42 The company’s market cap is currently $0.

In addition to Scotia Capital reporting its stock price target, a total of 14 brokers have issued a research note on Primero Mining Corp. The 12-month price target is $1.53 with three analysts rating the company a strong buy, one brokerage rating the company a buy, nine equity analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly 0 brokers rating the stock a sell.

General Information About Primero Mining Corp (TSE:P)

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. It owns over two producing properties, including the San Dimas gold-silver mine, located in Mexico's San Dimas district, and the Black Fox mine, located in the Township of Black River-Matheson, Ontario, Canada. It owns properties adjacent to the Black Fox mine, Grey Fox and Pike River, which together with the Black Fox mine and the Black Fox mill, located on the Stock Mill property, comprise the Black Fox Complex. It also owns over two exploration properties, including the Cerro del Gallo gold-silver-copper project, which is located in the state of Guanajuato in central Mexico, and Ventanas, which is located in Durango State, Mexico.

The post Scotia Capital disclosed Primero Mining Corp (TSE:P), bumping down its price target to $1.00 earlier today appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Scotia Capital disclosed Primero Mining Corp (TSE:P), bumping down its price target to $1.00 earlier today

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