Premier Gold Mines Ltd. (TSE:PG) was downgraded by equities researchers at TD Securities from a “speculative buy” rating to a “hold” rating in a report issued on Monday. They currently have a C$4.00 target price on the stock, down from their prior target price of C$5.50. TD Securities’ target price points to a potential upside of 26.98% from the company’s current price.
Several other research analysts have also commented on PG. CIBC boosted their price objective on Premier Gold Mines from C$4.50 to C$5.50 in a report on Thursday, August 4th. RBC Capital Markets boosted their price objective on 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 boosted their price objective on 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, Scotiabank reissued an “outperform” rating and set a C$6.00 price objective on shares of Premier Gold Mines in a report on Thursday, October 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Premier Gold Mines has a consensus rating of “Buy” and an average price target of C$5.02.
Premier Gold Mines (TSE:PG) opened at 3.15 on Monday. Premier Gold Mines has a 12-month low of $2.12 and a 12-month high of $5.05. The company’s market cap is $577.55 million. The firm’s 50-day moving average is $4.02 and its 200 day moving average is $3.87.
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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