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

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

The stock of Premier Gold Mines Ltd. (TSE:PG) is a huge mover today! About 152,965 shares traded hands. Premier Gold Mines Ltd. (TSE:PG) has declined 35.33% since April 21, 2016 and is downtrending. It has underperformed by 40.74% the S&P500.
The move comes after 5 months positive chart setup for the $461.01M company. It was reported on Nov, 25 by Barchart.com. We have $2.36 PT which if reached, will make TSE:PG worth $13.83M 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. Premier Gold Mines Ltd. has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital on Friday, June 24 with “Outperform”. Scotia Capital maintained it with “Outperform” rating and $6 target price in Tuesday, August 30 report. Scotia Capital maintained Premier Gold Mines Ltd. (TSE:PG) rating on Thursday, June 9. Scotia Capital has “Outperform” rating and $4.25 price target. The stock of Premier Gold Mines Ltd. (TSE:PG) has “Outperform” rating given on Friday, November 11 by Scotia Capital. The firm has “Outperform” rating by Scotia Capital given on Thursday, October 27. The stock of Premier Gold Mines Ltd. (TSE:PG) earned “Hold” rating by TD Securities on Friday, October 28. The rating was downgraded by TD Securities to “Hold” on Monday, October 17. The stock of Premier Gold Mines Ltd. (TSE:PG) has “Outperform” rating given on Wednesday, November 25 by RBC Capital Markets. Premier Gold Mines Limited maintained Premier Gold Mines Ltd. (TSE:PG) rating on Wednesday, October 19. Premier Gold Mines Limited has “Outperform” rating and $6 price target. Scotia Capital maintained it with “Outperform” rating and $6 target price in Tuesday, September 20 report.

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 $461.01 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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