Primero Mining Corp Price Target Cut to C$9.40 by Analysts at Pi Financial (P)

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Analysts at Pi Financial cut their price objective on shares of Primero Mining Corp (TSE:P) from C$9.70 to C$9.40 in a research report issued to clients and investors on Friday, Analyst Ratings News reports. Pi Financial’s target price indicates a potential upside of 33.71% from the company’s current price.

A number of other firms have also recently commented on P. Analysts at Desjardins cut their price target on shares of Primero Mining Corp from C$10.00 to C$9.50 in a research note on Monday, April 7th. Separately, analysts at Mackie raised their price target on shares of Primero Mining Corp from C$7.00 to C$7.30 in a research note on Friday, April 4th. They now have a “hold” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Primero Mining Corp from C$8.00 to C$10.00 in a research note on Friday, March 28th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$17.86.

Primero Mining Corp (TSE:P) traded down 0.43% during mid-day trading on Friday, hitting $7.00. The stock had a trading volume of 728,864 shares. Primero Mining Corp has a one year low of $4.26 and a one year high of $9.04. The stock’s 50-day moving average is $7.37 and its 200-day moving average is $6.38. The company’s market cap is $810.8 million.

Primero Mining Corp (TSE:P) last announced its earnings results on Friday, May 9th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.04. Analysts expect that Primero Mining Corp will post $0.14 EPS for the current fiscal year.

Primero Mining Corp. (TSE:P) is a precious metals producer with operations in Mexico.

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