Out of 8 analysts covering Primero Mining Corp (TSE:P), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $6.50 is the highest target while $3 is the lowest. The $3.51 average target is 65.57% above today’s ($2.12) stock price. Primero Mining Corp has been the topic of 10 analyst reports since November 4, 2015 according to StockzIntelligence Inc. Below is a list of Primero Mining Corp (TSE:P) latest ratings and price target changes.
28/06/2016 Broker: TD Securities Rating: Buy Old Target: $3.50 New Target: $3.25 Target Down
27/06/2016 Broker: Scotia Capital Rating: Sector Perform New Target: $3.50 Maintain
About 102,830 shares traded hands. Primero Mining Corp (TSE:P) has declined 2.67% since February 5, 2016 and is downtrending. It has underperformed by 19.15% the S&P500.
Primero Mining Corp. is a precious metals producer with activities in both Mexico and Canada. The company has a market cap of $363.71 million. The Firm is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. It currently has negative earnings. The Company’s divisions include San Dimas, Cerro del Gallo, Black Fox Complex and Corporate.
The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.41, from 0.65 in 2016Q1. The ratio increased, as 29 funds sold all Primero Mining Corp shares owned while 71 reduced positions. 41 funds bought stakes while 65 increased positions. They now own 237.72 million shares or 2.42% more from 232.10 million shares in 2016Q1.
Crosslink Capital Inc holds 16.54% of its portfolio in Primero Mining Corp for 7.39 million shares. Kopernik Global Investors Llc owns 3.50 million shares or 7.7% of their US portfolio. Moreover, Tiger Management L.L.C. has 5.87% invested in the company for 1.46 million shares. The Massachusetts-based Telemark Asset Management Llc has invested 4.73% in the stock. Welch Capital Partners Llc Ny, a New York-based fund reported 828,530 shares.
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