Scotiabank Reiterates “Outperform” Rating for Premier Gold Mines Ltd. (PG)
Premier Gold Mines Ltd. (TSE:PG)‘s stock had its “outperform” rating reaffirmed by analysts at Scotiabank in a report issued on Wednesday. They currently have a C$5.00 price objective on the mining company’s stock. Scotiabank’s price target suggests a potential upside of 42.86% from the company’s previous close.
Premier Gold Mines (TSE:PG) traded up 1.71% during midday trading on Wednesday, hitting $3.56. The stock had a trading volume of 116,219 shares. Premier Gold Mines has a one year low of $1.87 and a one year high of $4.13. The firm has a 50 day moving average price of $3.79 and a 200 day moving average price of $3.24. The stock has a market cap of $717.74 million and a PE ratio of 16.64.
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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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