Premier Gold Mines Ltd. (PG) Stock Rating Reaffirmed by Scotiabank
Premier Gold Mines Ltd. (TSE:PG)‘s stock had its “outperform” rating reiterated by stock analysts at Scotiabank in a note issued to investors on Wednesday. They presently have a C$5.00 target price on the mining company’s stock. Scotiabank’s target price points to a potential upside of 69.49% from the company’s current price.
Other equities research analysts have also issued research reports about the company. CIBC reduced their price target on Premier Gold Mines from C$5.00 to C$4.50 in a research report on Wednesday, January 11th. Canaccord Genuity reduced their price target on Premier Gold Mines from C$5.25 to C$5.00 and set a “buy” rating on the stock in a research report on Tuesday, January 17th. TD Securities reaffirmed a “hold” rating and issued a C$3.25 price target on shares of Premier Gold Mines in a research report on Monday, March 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$4.50 price target on shares of Premier Gold Mines in a research report on Thursday, March 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$4.40.
Premier Gold Mines (TSE:PG) traded down 0.34% during mid-day trading on Wednesday, hitting $2.95. The stock had a trading volume of 620,172 shares. The company’s market cap is $594.51 million. Premier Gold Mines has a one year low of $1.87 and a one year high of $5.05. The firm’s 50-day moving average price is $2.95 and its 200 day moving average price is $2.84.
In other Premier Gold Mines news, Director Ewan Stewart Downie bought 15,000 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were acquired at an average price of C$2.30 per share, with a total value of C$34,500.00. Insiders have bought a total of 40,000 shares of company stock worth $104,800 in the last three months.
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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