TD Securities Lowers Premier Gold Mines Ltd. (PG) to Hold
Premier Gold Mines Ltd. (TSE:PG) was downgraded by investment 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 target price on the stock, down from their previous target price of C$5.50. TD Securities’ price target would indicate a potential upside of 18.69% from the company’s current price.
Several other equities analysts also recently weighed in on PG. Scotiabank reaffirmed an “outperform” rating and issued a C$4.25 price objective on shares of Premier Gold Mines in a research note on Friday, June 24th. CIBC raised their price objective on 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 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 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$5.02.
Premier Gold Mines (TSE:PG) traded down 5.04% during midday trading on Monday, hitting $3.20. The company had a trading volume of 772,293 shares. Premier Gold Mines has a 52-week low of $2.12 and a 52-week high of $5.05. The stock has a 50 day moving average of $4.09 and a 200 day moving average of $3.85. The firm’s market cap is $586.71 million.
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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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