Time to Buy Premier Gold Mines Ltd. After Today’s Huge Increase?

 Time to Buy Premier Gold Mines Ltd. After Today's Huge Increase?

The stock of Premier Gold Mines Ltd. (TSE:PG) is a huge mover today! About 262,229 shares traded hands. Premier Gold Mines Ltd. (TSE:PG) has declined 29.89% since April 11, 2016 and is downtrending. It has underperformed by 33.81% the S&P500.
The move comes after 5 months positive chart setup for the $496.10M company. It was reported on Nov, 15 by Barchart.com. We have $5.59 PT which if reached, will make TSE:PG worth $595.32 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 77.17% above today’s ($2.54) stock price. Premier Gold Mines Ltd. has been the topic of 14 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, June 9 by Scotia Capital. The firm has “Outperform” rating given on Friday, June 24 by Scotia Capital. Scotia Capital maintained Premier Gold Mines Ltd. (TSE:PG) on Friday, November 11 with “Outperform” rating. As per Tuesday, August 30, the company rating was maintained by Scotia Capital. On Wednesday, November 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Hold” rating on Monday, October 17 by TD Securities. The rating was maintained by TD Securities with “Hold” on Friday, October 28. Scotia Capital maintained it with “Outperform” rating and $6 target price in Tuesday, September 20 report. The firm has “Outperform” rating by Scotia Capital given on Thursday, October 27. Premier Gold Mines Limited maintained Premier Gold Mines Ltd. (TSE:PG) on Wednesday, October 19 with “Outperform” rating.

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 $496.10 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment