Premier Gold Mines’s Outperform Rating Reiterated at Scotiabank (PG)
Premier Gold Mines (TSE:PG)‘s stock had its “outperform” rating restated by equities researchers at Scotiabank in a research report issued to clients and investors on Wednesday. They currently have a C$4.75 price target on the stock. Scotiabank’s target price indicates a potential upside of 68.44% from the company’s current price.
Shares of Premier Gold Mines (TSE:PG) traded down 1.24% during mid-day trading on Wednesday, hitting $2.785. The stock had a trading volume of 61,371 shares. 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 $2.99 and its 200-day moving average is $2.4. The company’s market cap is $428.3 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.
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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price 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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