Could Premier Gold Mines Ltd. Change Direction After Today’s Huge Decline?

 Could Premier Gold Mines Ltd. Change Direction After Today's Huge Decline?

The stock of Premier Gold Mines Ltd. (TSE:PG) is a huge mover today! About 267,386 shares traded hands. Premier Gold Mines Ltd. (TSE:PG) has declined 3.54% since April 1, 2016 and is downtrending. It has underperformed by 5.49% the S&P500.
The move comes after 8 months negative chart setup for the $568.04M company. It was reported on Nov, 7 by Barchart.com. We have $2.62 PT which if reached, will make TSE:PG worth $45.44 million less.

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 57.89% above today’s ($2.85) stock price. Premier Gold Mines Ltd. has been the topic of 13 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, November 25 by RBC Capital Markets. Scotia Capital maintained the shares of PG in a report on Thursday, June 9 with “Outperform” rating. The rating was maintained by Scotia Capital with “Outperform” on Friday, June 24. The rating was maintained by TD Securities with “Hold” on Friday, October 28. The firm earned “Hold” rating on Monday, October 17 by TD Securities. The stock has “Outperform” rating given by Scotia Capital on Thursday, October 27. The stock has “Outperform” rating given by Scotia Capital on Tuesday, August 30. On Tuesday, September 20 the stock rating was maintained by Scotia Capital with “Outperform”. The firm has “Outperform” rating by Premier Gold Mines Limited given on Wednesday, October 19.

Another recent and important Premier Gold Mines Ltd. (TSE:PG) news was published by Marketwatch.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 $568.04 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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