CIBC Boosts OTCMKTS:PIRGF (OTCMKTS:PIRGF) Price Target to $4.50

OTCMKTS:PIRGF (OTCMKTS:PIRGF) had its price objective boosted by analysts at CIBC from $3.40 to $4.50 in a report released on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 97.23% from the stock’s previous close.

OTCMKTS:PIRGF traded up $0.04 during trading hours on Wednesday, reaching $2.28. The company’s stock had a trading volume of 34,774 shares, compared to its average volume of 89,653. OTCMKTS:PIRGF has a 12 month low of $0.38 and a 12 month high of $2.34. The firm has a 50 day simple moving average of $2.03.

OTCMKTS:PIRGF Company Profile

Premier Gold Mines Limited explores for, develops, and produces gold and silver deposits in Canada, the United States, and Mexico. It principally holds a 100% interest in the Mercedes Mine property located in Sonora, Mexico; a 40% interest in the South Arturo Mine situated in Elko County, Nevada; a 50% interest in the Hardrock Gold property located in Ontario; a 100% interest in the McCoy-Cove project situated in Nevada; a 44% interest in the Rahil Bonaza project located in Northwestern Ontario; and a 100% interest in the Hasaga Gold project situated in Red Lake Mining District, Ontario.

Further Reading: Dividend

The Fly

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