Is Buying Premier Gold Mines Ltd. Here a Winning Strategy?


 Is Buying Premier Gold Mines Ltd. Here a Winning Strategy?

The stock of Premier Gold Mines Ltd. (TSE:PG) is a huge mover today! About 377,166 shares traded hands. Premier Gold Mines Ltd. (TSE:PG) has declined 1.87% since March 14, 2016 and is downtrending. It has underperformed by 7.41% the S&P500.
The move comes after 5 months positive chart setup for the $647.21 million company. It was reported on Oct, 19 by We have $4.88 PT which if reached, will make TSE:PG worth $323.61M more.

Premier Gold Mines Ltd. (TSE:PG) Ratings Coverage

Out of 4 analysts covering Premier Gold Mines Ltd. (TSE:PG), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $6 is the highest target while $3.50 is the lowest. The $4.20 average target is 29.23% above today’s ($3.25) stock price. Premier Gold Mines Ltd. has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of PG in a report on Wednesday, November 25 with “Outperform” rating. On Thursday, June 9 the stock rating was maintained by Scotia Capital with “Outperform”. Scotia Capital maintained the shares of PG in a report on Tuesday, September 20 with “Outperform” rating. Scotia Capital maintained Premier Gold Mines Ltd. (TSE:PG) rating on Friday, June 24. Scotia Capital has “Outperform” rating and $4.25 price target. TD Securities downgraded Premier Gold Mines Ltd. (TSE:PG) on Monday, October 17 to “Hold” rating. The company was maintained on Tuesday, August 30 by Scotia Capital.

More important recent Premier Gold Mines Ltd. (TSE:PG) news were published by: which released: “Premier Gold Mines Reports Q3 2016 Production of 30228 Ounces of Gold” on October 18, 2016, also published article titled: “Orion Mine Finance Announces Equity Investment in Premier Gold Mines Limited”, published: “Premier Gold Mines Closes CA$4.5 Million Private Placement” on October 14, 2016. More interesting news about Premier Gold Mines Ltd. (TSE:PG) was released by: and their article: “Premier Gold Mines Limited Signs Definitive Agreement to Purchase Mercedes …” with publication date: July 29, 2016.

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 $647.21 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.

PG Company Profile

The Procter & Gamble Company, incorporated on May 5, 1905, is focused on providing branded consumer packaged goods to the clients across the world. The Firm operates through five divisions: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Firm sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies. The Firm owns and operates approximately 20 manufacturing sites located in over 20 states in the United States. In addition, it owns and operates over 100 manufacturing sites in approximately 40 countries.

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