Beacon Securities Equities Analysts Boost Earnings Estimates for Premier Gold Mines Ltd. (PG)
Premier Gold Mines Ltd. (TSE:PG) – Research analysts at Beacon Securities increased their FY2018 earnings per share estimates for shares of Premier Gold Mines in a research note issued on Thursday. Beacon Securities analyst M. Curran now expects that the brokerage will post earnings per share of ($0.04) for the year, up from their prior estimate of ($0.06).
A number of other research firms also recently issued reports on PG. TD Securities downgraded Premier Gold Mines from a “speculative buy” rating to a “hold” rating and cut their price target for the company from C$5.50 to C$4.00 in a research note on Monday, October 17th. Scotiabank reiterated an “outperform” rating and set a C$6.00 price target on shares of Premier Gold Mines in a research note on Tuesday, August 2nd. Finally, Canaccord Genuity upgraded Premier Gold Mines from a “speculative buy” rating to a “buy” rating in a research note on Tuesday, November 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Premier Gold Mines has an average rating of “Buy” and a consensus target price of C$4.86.
Premier Gold Mines (TSE:PG) traded down 0.44% during mid-day trading on Monday, reaching $2.27. The company’s stock had a trading volume of 1,318,560 shares. Premier Gold Mines has a 52-week low of $2.12 and a 52-week high of $5.05. The firm has a 50 day moving average price of $2.98 and a 200 day moving average price of $3.76. The company’s market cap is $455.26 million.
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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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