TD Securities Lowers Premier Gold Mines Ltd. (PG) to Hold
Premier Gold Mines Ltd. (TSE:PG) was downgraded by TD Securities from a “speculative buy” rating to a “hold” rating in a research note issued on Monday. They currently have a C$4.00 price target on the stock, down from their previous price target of C$5.50. TD Securities’ price objective would suggest a potential upside of 18.69% from the company’s previous close.
PG has been the topic of several other research reports. CIBC upped their price target on Premier Gold Mines from C$4.50 to C$5.50 in a research note on Thursday, August 4th. RBC Capital Markets upped their price target on Premier Gold Mines from C$5.25 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Royal Bank Of Canada upped their price target on Premier Gold Mines from C$5.25 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$6.00 price target on shares of Premier Gold Mines in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$5.02.
Shares of Premier Gold Mines (TSE:PG) traded down 5.04% during midday trading on Monday, reaching $3.20. The company had a trading volume of 772,293 shares. The company’s 50 day moving average price is $4.09 and its 200-day moving average price is $3.85. The company’s market capitalization is $586.71 million. Premier Gold Mines has a 52 week low of $2.12 and a 52 week high of $5.05.
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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