Is Premier Gold Mines Ltd.’s Fuel Running Low? The Stock Just Declined Again


The stock of Premier Gold Mines Ltd. (TSE:PG) is a huge mover today! About 906,141 shares traded hands or 29.64% up from the average. Premier Gold Mines Ltd. (TSE:PG) has risen 67.27% since February 5, 2016 and is uptrending. It has outperformed by 50.78% the S&P500.
The move comes after 5 months negative chart setup for the $874.14M company. It was reported on Sep, 13 by We have $4.09 PT which if reached, will make TSE:PG worth $69.93 million less.

Out of 2 analysts covering Premier Gold Mines Ltd. (TSE:PG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Premier Gold Mines Ltd. has been the topic of 6 analyst reports since October 22, 2015 according to StockzIntelligence Inc.

Premier Gold Mines Limited is a Canada mineral exploration firm focused on exploring for and developing gold deposits within North America. The company has a market cap of $874.14 million. 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. It currently has negative earnings. The Trans-Canada Property is located in northern Ontario, Canada, approximately 200 kilometers northeast of Thunder Bay, and consists of three contiguous blocks comprising over 360 patented mining claims and 676 unpatented mining claims covering an aggregate area of over 28,550.64 hectares.

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