Premier Gold Mines Coverage Initiated by Analysts at Dundee Securities (PG)
Equities researchers at Dundee Securities began coverage on shares of Premier Gold Mines (TSE:PG) in a research report issued on Tuesday. The firm set a “buy” rating and a C$4.25 price target on the stock. Dundee Securities’ price target suggests a potential upside of 51.79% from the stock’s previous close.
Shares of Premier Gold Mines (TSE:PG) traded down 2.14% during mid-day trading on Tuesday, hitting $2.74. The stock had a trading volume of 294,778 shares. Premier Gold Mines has a one year low of $1.28 and a one year high of $3.52. The stock’s 50-day moving average is $2.95 and its 200-day moving average is $2.45. The company’s market cap is $421.4 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. Analysts expect that Premier Gold Mines will post $-0.04 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank reiterated an “outperform” rating on shares of Premier Gold Mines in a research note on Wednesday, August 27th. They now have a C$4.75 price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$3.74.
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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