Premier Gold Mines Ltd. (PG) Downgraded by TD Securities to Hold
Premier Gold Mines Ltd. (TSE:PG) was downgraded by research analysts at TD Securities from a “speculative buy” rating to a “hold” rating in a research note issued on Monday. They presently have a C$4.00 price target on the stock, down from their previous price target of C$5.50. TD Securities’ price objective would indicate a potential upside of 18.69% from the company’s previous close.
A number of other research firms have also commented on PG. RBC Capital Markets increased their price target on Premier Gold Mines from C$5.25 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. CIBC increased their price target on Premier Gold Mines from C$4.50 to C$5.50 in a research report on Thursday, August 4th. Royal Bank Of Canada increased their price target on Premier Gold Mines from C$5.25 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Finally, Scotiabank restated an “outperform” rating and set a C$6.00 price target on shares of Premier Gold Mines in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Premier Gold Mines currently has an average rating of “Buy” and a consensus target price of C$5.02.
Shares of Premier Gold Mines (TSE:PG) traded down 5.490% during trading on Monday, hitting $3.185. The company had a trading volume of 938,122 shares. The stock’s market cap is $583.96 million. The firm has a 50 day moving average of $4.09 and a 200 day moving average of $3.86. Premier Gold Mines has a 12-month low of $2.12 and a 12-month high of $5.05.
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Premier Gold Mines Company Profile
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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