Premier Gold Mines Given “Outperform” Rating at Scotiabank (PG)
Premier Gold Mines (TSE:PG)‘s stock had its “outperform” rating restated by investment analysts at Scotiabank in a note issued to investors on Wednesday. They currently have a C$4.75 price objective on the stock. Scotiabank’s target price indicates a potential upside of 60.47% from the company’s current price.
Premier Gold Mines (TSE:PG) traded up 2.36% during mid-day trading on Wednesday, hitting $3.03. 423,762 shares of the company’s stock traded hands. Premier Gold Mines has a 52-week low of $1.28 and a 52-week high of $3.52. The stock’s 50-day moving average is $2.97 and its 200-day moving average is $2.35. The company’s market cap is $459.1 million.
Premier Gold Mines (TSE:PG) last announced its earnings results on Monday, June 23rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. On average, analysts predict that Premier Gold Mines will post $-0.03 earnings per share for the current fiscal year.
PG has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald raised their price target on shares of Premier Gold Mines from C$3.85 to C$4.15 in a research note on Wednesday, July 9th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Premier Gold Mines from C$3.50 to C$4.00 in a research note on Wednesday, July 9th. They now have an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Premier Gold Mines from C$4.00 to C$4.40 in a research note on Wednesday, July 9th. They now have a “sector outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$3.68.
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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