Premier Gold Mines’ (PG) “Outperform” Rating Reaffirmed at Scotiabank
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.
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/premier-gold-mines-pg-outperform-rating-reaffirmed-at-scotiabank.html
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.
Receive News & Ratings for Premier Gold Mines Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Gold Mines Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.