BUZZ-Primero Mining Corp: BMO cuts target price

Mon Sep 22, 2014 11:50am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian miner's Toronto-listed shares down 4.2 pct at C$5.65 in late morning trade

** U.S.-listed shares down 4.8 pct at $5.13

** Analysts at BMO Capital Markets cut target price on stock to C$8.00 from C$8.50, citing decrease in spot metal prices

** Gold slid to its weakest since early January and silver to a four-year low on Monday

** Median target price on Primero stock is C$8.69, according to Thomson Reuters data

** Company on Friday reported a death in an underground accident at its San Dimas mine in Mexico, sending its shares down more than 10 pct by the day's close

** Up to Friday's close, stock had risen 26 pct this year on Toronto Stock Exchange