Trading Report: The Brokerages gives Consensus Recommendation of “Hold” to Primero Mining Corp (P)

The Brokerages gives Consensus Recommendation of “Hold” to Primero Mining Corp (P)

Primero Mining Corp (TSE:P) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the company. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$3.13.

A number of brokerages have weighed in on P. Scotiabank reiterated a “sector perform” rating and issued a C$3.50 price objective on shares of Primero Mining Corp in a research report on Tuesday, September 20th. Desjardins set a C$2.70 price objective on shares of Primero Mining Corp and gave the stock a “hold” rating in a research report on Saturday, August 6th. TD Securities reduced their price target on shares of Primero Mining Corp from C$3.75 to C$3.25 and set a “buy” rating for the company in a research report on Friday, August 5th. CIBC reduced their price target on shares of Primero Mining Corp from C$4.00 to C$3.00 in a research report on Saturday, August 6th. Finally, Canaccord Genuity upped their price target on shares of Primero Mining Corp from C$4.00 to C$4.50 in a research report on Tuesday, July 12th.

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