Brokers Issue Forecasts for Premier Gold Mines Ltd.’s Q1 2017 Earnings (PG)
Premier Gold Mines Ltd. (TSE:PG) – Analysts at Beacon Securities lifted their Q1 2017 earnings per share estimates for Premier Gold Mines in a report issued on Wednesday. Beacon Securities analyst M. Curran now forecasts that the mining company will earn $0.06 per share for the quarter, up from their previous forecast of $0.03. Beacon Securities also issued estimates for Premier Gold Mines’ Q2 2017 earnings at $0.01 EPS.
A number of other research firms have also issued reports on PG. Scotiabank assumed coverage on shares of Premier Gold Mines in a research note on Thursday, April 13th. They set an “outperform” rating and a C$5.00 price objective on the stock. TD Securities reiterated a “hold” rating and set a C$3.25 price objective on shares of Premier Gold Mines in a research note on Monday, March 27th. Royal Bank of Canada reiterated an “outperform” rating and set a C$4.50 price objective on shares of Premier Gold Mines in a research note on Thursday, March 30th. Canaccord Genuity dropped their price objective on shares of Premier Gold Mines from C$5.25 to C$5.00 and set a “buy” rating on the stock in a research note on Tuesday, January 17th. Finally, CIBC dropped their price objective on shares of Premier Gold Mines from C$5.00 to C$4.50 in a research note on Wednesday, January 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$4.40.
Premier Gold Mines (TSE:PG) opened at 2.96 on Thursday. Premier Gold Mines has a one year low of $1.87 and a one year high of $5.05. The firm’s market cap is $596.53 million. The company has a 50 day moving average of $2.93 and a 200-day moving average of $2.85.
In other news, Director Ewan Stewart Downie acquired 15,000 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were bought at an average price of C$2.30 per share, for a total transaction of C$34,500.00. Insiders have bought 40,000 shares of company stock worth $104,800 in the last quarter.
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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