Globe says Desjardins hikes Primero Gold to "buy" Globe says Desjardins hikes Primero Gold to "buy"
Ticker Symbol: C:P
Globe says Desjardins hikes Primero Gold to "buy"
Primero Mining Corp (C:P)
Shares Issued 162,434,155
Last Close 7/13/2015 $4.79
Tuesday July 14 2015 - In the News
The Globe and Mail reports in its Tuesday edition that Desjardins Securities is upgrading Primero Mining ($4.79) to "buy" from "hold" and boosting its target price to $6.25 from $5.75 on higher expectations for when it posts its quarterly earnings. The Globe's Ahmad Hathout and Seres Lu write in the Eye On Equities column that analyst Michael Parkin says: "Primero is down 3 per cent from when we downgraded it on April 8, but we believe the company could report another strong quarter from its flagship San Dimas mine. The company may also provide details of how the Black Fox underground turnaround is proceeding for July, which should show a marked increase in the mining rate, at or close to the target rate of 1,000 tonnes per day." The Globe's Peter Ashton said Primero was poised to rally on Sept. 3, 2014. The shares could then be had for $7.13. Mr. Parkin rated Primero "buy" in the Eye column on Sept. 16, 2014. The shares could then be had for $6.67. A Bloomberg dispatch to The Globe on April 6, 2015, said Primero was enjoying strong support from analysts. Bloomberg said 15 analysts rated Primero "buy." One analyst said "sell" and two others rated it "hold." Primero shares could then be had for $4.41.