16:47:36 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Primero Mining Corp
Symbol P
Shares Issued 190,167,529
Close 2017-04-06 C$ 0.74
Market Cap C$ 140,723,971
Recent Sedar Documents

Globe says RBC maintains Primero at "speculative buy"

2017-04-07 08:43 ET - In the News

The Globe and Mail reports in its Friday edition that RBC Dominion Securities analyst Dan Rollins says 2017 is a "crucial" year for Primero Mining, pointing to its need to turn around the performance of its San Dimas mine in Mexico and the restructuring of the silver stream. The Globe's David Leeder writes in the Eye On Equities column that Mr. Rollins says in a note: "Successful resolution of the strike at San Dimas should allow Primero to address productivity challenges. Over time, this should lead to more sustainable production/costs and deliver the cash flow needed to consistently reinvest in underground development and exploration to sustain production and replace/grow reserves/resources. With an implied reserve life of 5.7 years (down from 7.4 years), addressing productivity challenges is critical for the long-term success of San Dimas." Mr. Rollins maintained a "speculative buy" rating for the stock and lowered his target price to 70 U.S. cents from $1.20 (U.S.). Analysts on average target the shares at 80 U.S. cents. He says, "Our lower price target reflects our decision to include only reserves in our operational forecasts which along with year-end updates has led to reduced financial estimates."

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