Premier Gold Mines Ltd. (TSE:PG) received a C$6.00 price target from stock analysts at Scotiabank in a research report issued to clients and investors on Wednesday. The firm presently has a an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 82.37% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. TD Securities cut Premier Gold Mines from a “speculative buy” rating to a “hold” rating and cut their target price for the stock from C$5.50 to C$4.00 in a report on Monday. Royal Bank Of Canada raised their price objective on Premier Gold Mines from C$5.25 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. RBC Capital Markets raised their price objective on Premier Gold Mines from C$5.25 to C$6.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, CIBC raised their price objective on Premier Gold Mines from C$4.50 to C$5.50 in a research note on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$5.02.
Shares of Premier Gold Mines (TSE:PG) traded up 4.44% during midday trading on Wednesday, hitting $3.29. 2,029,283 shares of the stock were exchanged. Premier Gold Mines has a 1-year low of $2.12 and a 1-year high of $5.05. The stock’s 50-day moving average price is $4.02 and its 200-day moving average price is $3.87. The firm’s market capitalization is $603.21 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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