Premier Gold Mines Ltd. (PG) Price Target Lowered to C$5.00 at Scotiabank
Premier Gold Mines Ltd. (TSE:PG) had its price target reduced by Scotiabank from C$6.00 to C$5.00 in a research report released on Thursday morning. Scotiabank currently has an outperform rating on the stock.
PG has been the subject of a number of other research reports. TD Securities cut Premier Gold Mines from a speculative buy rating to a hold rating and decreased their target price for the stock from C$5.50 to C$4.00 in a research report on Monday, October 17th. Canaccord Genuity upgraded Premier Gold Mines from a speculative buy rating to a buy rating in a research note on Tuesday. Royal Bank Of Canada increased their price objective on 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. RBC Capital Markets raised their target price 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, CIBC raised their target price on Premier Gold Mines from C$4.50 to C$5.50 in a research note on Thursday, August 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of C$4.94.
Premier Gold Mines (TSE:PG) traded down 2.54% during mid-day trading on Thursday, hitting $2.30. 151,303 shares of the stock were exchanged. The stock’s market cap is $421.70 million. The company has a 50 day moving average price of $3.13 and a 200 day moving average price of $3.78. Premier Gold Mines has a 52 week low of $2.12 and a 52 week high of $5.05.
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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