What’s Premier Gold Mines Ltd. Downside After Today’s Huge Decline?

 What's Premier Gold Mines Ltd. Downside After Today's Huge Decline?

The stock of Premier Gold Mines Ltd. (TSE:PG) is a huge mover today! About 712,567 shares traded hands. Premier Gold Mines Ltd. (TSE:PG) has declined 29.43% since April 13, 2016 and is downtrending. It has underperformed by 34.05% the S&P500.
The move comes after 6 months negative chart setup for the $487.05M company. It was reported on Nov, 17 by Barchart.com. We have $2.08 PT which if reached, will make TSE:PG worth $63.32M 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 88.28% above today’s ($2.39) 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 Tuesday, August 30 by Scotia Capital. The stock of Premier Gold Mines Ltd. (TSE:PG) has “Hold” rating given on Monday, October 17 by TD Securities. On Tuesday, September 20 the stock rating was maintained by Scotia Capital with “Outperform”. The firm has “Outperform” rating by Scotia Capital given on Friday, June 24. The firm has “Outperform” rating by Scotia Capital given on Thursday, October 27. The firm has “Hold” rating by TD Securities given on Friday, October 28. Premier Gold Mines Limited maintained it with “Outperform” rating and $6 target price in Wednesday, October 19 report. The firm earned “Outperform” rating on Friday, November 11 by Scotia Capital. The stock of Premier Gold Mines Ltd. (TSE:PG) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 25. The firm has “Outperform” rating by Scotia Capital given on Thursday, June 9.

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 $487.05 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