Premier Gold Mines Ltd. (TSE:PG)‘s stock had its “outperform” rating reaffirmed by investment analysts at Scotiabank in a research note issued on Tuesday, StockTargetPrices.com reports. They presently have a C$6.00 target price on the stock. Scotiabank’s target price points to a potential upside of 42.18% from the stock’s current price.

A number of other research analysts have also weighed in on PG. TD Securities reaffirmed a “speculative buy” rating and issued a C$5.50 price objective on shares of Premier Gold Mines in a research note on Tuesday, July 26th. CIBC raised their price objective on shares of Premier Gold Mines from C$4.50 to C$5.50 in a research note on Thursday, August 4th. Royal Bank Of Canada raised their price objective on shares of Premier Gold Mines from C$5.25 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, RBC Capital Markets raised their price objective on shares of Premier Gold Mines from C$5.25 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Premier Gold Mines currently has a consensus rating of “Buy” and an average target price of C$5.24.

Analyst Recommendations for Premier Gold Mines (TSE:PG)

Premier Gold Mines (TSE:PG) traded down 2.37% during mid-day trading on Tuesday, reaching $4.12. 281,460 shares of the company’s stock were exchanged. The stock’s market cap is $755.39 million. Premier Gold Mines has a 52-week low of $2.12 and a 52-week high of $5.05. The company has a 50-day moving average of $4.59 and a 200-day moving average of $3.79.

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About Premier Gold Mines

Premier Gold Mines Limited (Premier) is a Canada-based mineral exploration company focused on exploring for and developing gold deposits within North America. The principal projects in which Premier holds an interest are the Trans-Canada Property, which includes the Hardrock project and the Brookbank project; McCoy-Cove Project, Lander County, Nevada, and South Arturo Mine, Elko County, Nevada.

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