Premier Gold Mines Given Consensus Recommendation of “Buy” by Analysts (TSE:PG)
Premier Gold Mines (TSE:PG) has received an average rating of “Buy” from the nine analysts that are presently covering the stock, American Banking News reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$3.68.
Shares of Premier Gold Mines (TSE:PG) opened at 3.01 on Friday. Premier Gold Mines has a 1-year low of $1.28 and a 1-year high of $3.52. The stock’s 50-day moving average is $2.99 and its 200-day moving average is $2.36. The company’s market cap is $456.1 million.
Premier Gold Mines (TSE:PG) last announced its earnings results on Monday, June 23rd. The company reported $0.03 earnings per share for the quarter, beating the analysts’ 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.
Several analysts have recently commented on the stock. Analysts at Scotiabank reiterated an “outperform” rating on shares of Premier Gold Mines in a research note on Wednesday. They now have a C$4.75 price target on the stock. Separately, 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. Finally, 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.
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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