Premier Gold Mines Price Target Raised to C$3.50 at Canaccord Genuity (PG)
Canaccord Genuity lifted their target price on shares of Premier Gold Mines (TSE:PG) from C$3.25 to C$3.50 in a research note issued on Friday, StockRatingsNetwork.com reports. Canaccord Genuity’s target price points to a potential upside of 51.52% from the company’s current price.
A number of other firms have also recently commented on PG. Analysts at Octagon Capital cut their price target on shares of Premier Gold Mines from C$5.70 to C$3.80 in a research note to investors on Thursday. Separately, analysts at RBC Capital cut their price target on shares of Premier Gold Mines to C$3.50 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Premier Gold Mines to C$4.25 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Premier Gold Mines has a consensus rating of “Buy” and an average price target of C$3.74.
Shares of Premier Gold Mines (TSE:PG) traded down 4.33% on Friday, hitting $2.21. The stock had a trading volume of 405,857 shares. Premier Gold Mines has a one year low of $1.51 and a one year high of $5.71. The stock has a 50-day moving average of $2.19 and a 200-day moving average of $2.12. The company’s market cap is $334.4 million.
Premier Gold Mines Limited (TSE:PG) is an exploration companies with a pipeline of gold projects focused in mining jurisdictions in Canada and the United States.
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