Premier Gold Mines Receives Average Recommendation of “Buy” from Analysts (TSE:PG)
Premier Gold Mines (TSE:PG) has received a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, American Banking News.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$3.68.
A number of analysts have recently weighed in on PG shares. Analysts at Scotiabank reiterated an “outperform” rating on shares of Premier Gold Mines in a research note on Wednesday, August 6th. 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.
Shares of Premier Gold Mines (TSE:PG) opened at 3.02 on Friday. Premier Gold Mines has a 52-week low of $1.28 and a 52-week high of $3.52. The stock has a 50-day moving average of $3.00 and a 200-day moving average of $2.38. The company’s market cap is $457.6 million.
Premier Gold Mines (TSE:PG) last posted its quarterly 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. Analysts expect that Premier Gold Mines will post $-0.04 EPS for the current fiscal year.
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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