What’s Premier Gold Mines Ltd. Upside After Today’s Huge Increase?

 What's Premier Gold Mines Ltd. Upside After Today's Huge Increase?

The stock of Premier Gold Mines Ltd. (TSE:PG) is a huge mover today! About 518,157 shares traded hands. Premier Gold Mines Ltd. (TSE:PG) has declined 7.24% since March 28, 2016 and is downtrending. It has underperformed by 10.25% the S&P500.
The move comes after 8 months positive chart setup for the $585.51 million company. It was reported on Nov, 1 by Barchart.com. We have $3.97 PT which if reached, will make TSE:PG worth $199.07 million more.

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

Out of 5 analysts covering Premier Gold Mines Ltd. (TSE:PG), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $6 is the highest target while $3.50 is the lowest. The $4.50 average target is 52.03% above today’s ($2.96) stock price. Premier Gold Mines Ltd. has been the topic of 13 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the shares of PG in a report on Tuesday, September 20 with “Outperform” rating. The stock of Premier Gold Mines Ltd. (TSE:PG) earned “Outperform” rating by Scotia Capital on Thursday, June 9. Premier Gold Mines Limited maintained it with “Outperform” rating and $6 target price in Wednesday, October 19 report. As per Friday, October 28, the company rating was maintained by TD Securities. The rating was maintained by RBC Capital Markets on Wednesday, November 25 with “Outperform”. Scotia Capital maintained the shares of PG in a report on Thursday, October 27 with “Outperform” rating. Scotia Capital maintained the shares of PG in a report on Friday, June 24 with “Outperform” rating. The rating was downgraded by TD Securities to “Hold” on Monday, October 17. Scotia Capital maintained it with “Outperform” rating and $6 target price in Tuesday, August 30 report.

Another recent and important Premier Gold Mines Ltd. (TSE:PG) news was published by Marketwired.com which published an article titled: “Orion Mine Finance Announces Equity Investment in Premier Gold Mines Limited” on October 03, 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 $585.51 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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