Premier Gold Mines Ltd. (PG) Given “Outperform” Rating at Scotiabank
Premier Gold Mines Ltd. (TSE:PG)‘s stock had its “outperform” rating restated by Scotiabank in a research note issued to investors on Tuesday. They presently have a C$6.00 price target on the stock. Scotiabank’s price objective points to a potential upside of 74.42% from the company’s current price.
Several other research firms have also recently issued reports on PG. CIBC increased their target price on shares of Premier Gold Mines from C$4.50 to C$5.50 in a research note on Thursday, August 4th. RBC Capital Markets increased their target price on shares of Premier Gold Mines from C$5.25 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Royal Bank Of Canada increased their target price on shares of Premier Gold Mines from C$5.25 to C$6.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Finally, TD Securities reiterated a “speculative buy” rating and issued a C$5.50 target price on shares of Premier Gold Mines in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Premier Gold Mines presently has a consensus rating of “Buy” and a consensus price target of C$5.24.
Shares of Premier Gold Mines (TSE:PG) traded up 1.74% during trading on Tuesday, hitting $3.50. 705,637 shares of the stock were exchanged. Premier Gold Mines has a 52 week low of $2.12 and a 52 week high of $5.05. The stock’s 50 day moving average price is $4.35 and its 200 day moving average price is $3.85. The firm’s market capitalization is $641.72 million.
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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