Premier Gold Mines’ (PG) “Outperform” Rating Reaffirmed at Scotiabank
Premier Gold Mines Ltd. (TSE:PG)‘s stock had its “outperform” rating reiterated by research analysts at Scotiabank in a report released on Thursday. They presently have a C$6.00 price objective on the stock. Scotiabank’s price target indicates a potential upside of 72.91% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. CIBC boosted their target price on shares of Premier Gold Mines from C$4.50 to C$5.50 in a report on Thursday, August 4th. RBC Capital Markets boosted their target price on shares of Premier Gold Mines from C$5.25 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Royal Bank Of Canada boosted their target price on shares of Premier Gold Mines from C$5.25 to C$6.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Finally, TD Securities restated a “speculative buy” rating and issued a C$5.50 price objective on shares of Premier Gold Mines in a report on Tuesday, July 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$5.24.
Shares of Premier Gold Mines (TSE:PG) traded up 0.87% during trading on Thursday, hitting $3.47. 1,024,498 shares of the stock were exchanged. The company’s market cap is $636.22 million. Premier Gold Mines has a one year low of $2.12 and a one year high of $5.05. The stock’s 50 day moving average price is $4.14 and its 200-day moving average price is $3.85.
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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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