Premier Gold Mines Ltd. (TSE:PG)‘s stock had its “outperform” rating reissued by investment analysts at Scotiabank in a research note issued to investors on Thursday. They presently have a C$6.00 target price on the stock. Scotiabank’s target price would indicate a potential upside of 78.04% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. TD Securities reaffirmed a “speculative buy” rating and issued a C$5.50 target price on shares of Premier Gold Mines in a report on Tuesday, July 26th. RBC Capital Markets lifted 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 report on Thursday, August 4th. Royal Bank Of Canada lifted 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 report on Thursday, August 4th. Finally, CIBC lifted their target price on shares of Premier Gold Mines from C$4.50 to C$5.50 in a report on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$5.24.
Premier Gold Mines (TSE:PG) opened at 3.37 on Thursday. The company has a 50-day moving average of $4.09 and a 200 day moving average of $3.85. Premier Gold Mines has a 12-month low of $2.12 and a 12-month high of $5.05. The company’s market capitalization is $617.88 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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