Premier Gold Mines’ (PG) “Outperform” Rating Reiterated at Scotiabank
Premier Gold Mines Ltd. (TSE:PG)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a research note issued to investors on Wednesday. They currently have a C$5.00 target price on the mining company’s stock. Scotiabank’s price target would suggest a potential upside of 75.44% from the company’s current price.
Several other brokerages have also recently commented on PG. Royal Bank Of Canada restated an “outperform” rating and set a C$4.50 target price on shares of Premier Gold Mines in a report on Thursday, March 30th. TD Securities restated a “hold” rating and set a C$3.25 target price on shares of Premier Gold Mines in a report on Monday, March 27th.
Shares of Premier Gold Mines (TSE PG) traded down 0.70% during midday trading on Wednesday, hitting $2.83. 230,586 shares of the company’s stock were exchanged. The firm has a market cap of $570.33 million and a price-to-earnings ratio of 28.02. The company has a 50-day moving average of $2.92 and a 200-day moving average of $2.86. Premier Gold Mines has a 52 week low of $1.87 and a 52 week high of $5.05.
In other Premier Gold Mines news, Director Ewan Stewart Downie bought 10,000 shares of Premier Gold Mines stock in a transaction that occurred on Wednesday, April 19th. The stock was acquired at an average price of C$2.91 per share, for a total transaction of C$29,100.00.
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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