With 2012 just beginning, now's a great time to gauge how the stocks you're interested in are likely to do this year and beyond. By knowing what stock analysts and fellow investors expect from a stock, you'll be smarter about whether you should buy it for your portfolio -- or sell it if you already own it.
Today, let's take a look at Primero Mining
Forecasts on Primero Mining
|Median Target Stock Price||$6.75|
|2012 EPS Estimate||$0.93|
|2013 EPS Estimate||$0.66|
|Expected Revenue Growth, 2012||64%|
Source: Yahoo! Finance.
How will Primero Mining do this year?
Primero has a lot of stakeholders excited for its future prospects. The target stock price analysts have put on the company is roughly double its current level, and 2012 earnings estimates far exceed what 2011 brought for the miner. That isn't as enthusiastic as investors feel about Paramount Gold & Silver
Much of the challenge for Primero has stemmed from an ongoing dispute with Mexican tax authorities. Although Primero has an agreement with Silver Wheaton
Primero's setback in losing Northgate Minerals to AuRico Gold
Earlier this week, Primero gave guidance for 2012. With a forecast of 100,000 to 110,000 ounces of gold production, Primero acknowledged the lower ore grades it has discovered. With costs expected to drop, especially on a by-product basis, Primero hopes to improve margins considerably this year.
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. The Motley Fool owns shares of Primero Mining. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.