Q1 2017 EPS Estimates for Primero Mining Corp Lifted by Cormark (P)

Primero Mining Corp (TSE:P) (NYSE:PPP) – Equities research analysts at Cormark upped their Q1 2017 earnings per share estimates for shares of Primero Mining Corp in a research report issued to clients and investors on Thursday. Cormark analyst R. Gray now anticipates that the brokerage will post earnings of ($0.04) per share for the quarter, up from their previous forecast of ($0.05). Cormark also issued estimates for Primero Mining Corp’s Q2 2017 earnings at ($0.04) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.14) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.01) EPS, Q4 2018 earnings at ($0.01) EPS and FY2018 earnings at $0.00 EPS.

A number of other equities research analysts also recently issued reports on the stock. TD Securities reduced their price objective on shares of Primero Mining Corp from C$1.20 to C$0.90 and set a “hold” rating for the company in a research report on Thursday, March 16th. Scotiabank reduced their price objective on shares of Primero Mining Corp from C$1.10 to C$1.00 and set a “sector perform” rating for the company in a research report on Thursday, March 16th. CIBC reduced their price objective on shares of Primero Mining Corp from C$1.20 to C$0.80 in a research report on Thursday, March 16th. BMO Capital Markets reduced their price objective on shares of Primero Mining Corp from C$1.30 to C$1.20 in a research report on Thursday, February 23rd. Finally, Desjardins upped their price objective on shares of Primero Mining Corp from C$1.30 to C$1.40 in a research report on Wednesday, December 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$1.92.

Earnings History and Estimates for Primero Mining Corp (TSE:P)

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Shares of Primero Mining Corp (TSE:P) opened at 0.76 on Monday. The stock has a 50 day moving average of $0.92 and a 200-day moving average of $1.37. The firm’s market capitalization is $143.10 million. Primero Mining Corp has a 52-week low of $0.70 and a 52-week high of $3.42.

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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