Could Premier Gold Mines Ltd. See a Reversal After This Very Weak Session?

 Could Premier Gold Mines Ltd. See a Reversal After This Very Weak Session?

The stock of Premier Gold Mines Ltd. (TSE:PG) is a huge mover today! About 149,622 shares traded hands. Premier Gold Mines Ltd. (TSE:PG) has declined 29.04% since April 26, 2016 and is downtrending. It has underperformed by 34.27% the S&P500.
The move comes after 7 months negative chart setup for the $483.75M company. It was reported on Nov, 30 by Barchart.com. We have $2.20 PT which if reached, will make TSE:PG worth $24.19M less.

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. $6 is the highest target while $3 is the lowest. The $4.42 average target is 90.52% above today’s ($2.32) stock price. Premier Gold Mines Ltd. has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Friday, November 11, the company rating was maintained by Scotia Capital. The firm earned “Outperform” rating on Thursday, June 9 by Scotia Capital. The stock of Premier Gold Mines Ltd. (TSE:PG) earned “Outperform” rating by Scotia Capital on Tuesday, August 30. The stock of Premier Gold Mines Ltd. (TSE:PG) earned “Outperform” rating by Premier Gold Mines Limited on Wednesday, October 19. The firm has “Outperform” rating given on Tuesday, September 20 by Scotia Capital. The company was maintained on Friday, October 28 by TD Securities. The stock of Premier Gold Mines Ltd. (TSE:PG) has “Outperform” rating given on Wednesday, November 25 by RBC Capital Markets. The stock of Premier Gold Mines Ltd. (TSE:PG) has “Outperform” rating given on Friday, June 24 by Scotia Capital. The firm earned “Hold” rating on Monday, October 17 by TD Securities. Scotia Capital maintained the stock with “Outperform” rating in Thursday, October 27 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 $483.75 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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