Scotiabank Reiterates C$4.75 Price Target for Premier Gold Mines (PG)

Scotiabank set a C$4.75 price target on Premier Gold Mines (TSE:PG) in a research note issued to investors on Wednesday. The firm currently has an outperform rating on the mining company’s stock.

Shares of PG opened at C$2.64 on Wednesday. Premier Gold Mines has a twelve month low of C$2.50 and a twelve month high of C$4.13.

In related news, Director Ewan Stewart Downie bought 20,000 shares of the stock in a transaction on Monday, April 2nd. The shares were bought at an average cost of C$2.82 per share, for a total transaction of C$56,400.00. Also, insider Stephen John Mcgibbon sold 40,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$3.21, for a total transaction of C$128,400.00.

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About Premier Gold Mines

Premier Gold Mines Limited, a mineral exploration company, explores for, develops, and produces gold and silver deposits in Canada, the United States, and Mexico. It principally holds a 100% interest in the Mercedes Mine property located in the Southeast of Magdalena de Kino, in Sonora State, Mexico; a 40% interest in the South Arturo Mine situated in Elko County, Nevada; a 50% interest in the Greenstone Gold property, which includes the Hardrock project and the Brookbank project located in Ontario; a 100% interest in the McCoy-Cove project situated in Lander County, Nevada; a 44% interest in the Rahil-Bonaza project located in Northwestern Ontario; and a 100% interest in the Hasaga project situated in Red Lake Mining District, Ontario.

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