Premier Gold Mines Ltd. (TSE:PG) shares rose 2.7% on Thursday . The company traded as high as C$3.47 and last traded at C$3.41. Approximately 207,332 shares traded hands during trading, a decline of 45% from the average daily volume of 373,645 shares. The stock had previously closed at C$3.32.

PG has been the topic of a number of analyst reports. BMO Capital Markets set a C$4.75 price objective on Premier Gold Mines and gave the company an “outperform” rating in a research report on Thursday, November 16th. Beacon Securities cut Premier Gold Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$5.00 price objective on shares of Premier Gold Mines in a research report on Wednesday, December 13th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$4.31.

The stock has a market capitalization of $671.86, a price-to-earnings ratio of 13.76 and a beta of -0.47.

Premier Gold Mines (TSE:PG) last posted its quarterly earnings results on Tuesday, November 7th. The mining company reported C$0.02 EPS for the quarter, topping the Zacks’ consensus estimate of C($0.01) by C$0.03. Premier Gold Mines had a return on equity of 3.98% and a net margin of 6.21%. The company had revenue of C$62.30 million for the quarter.

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About Premier Gold Mines

Premier Gold Mines Limited (Premier) is a Canada-based mineral exploration company focused on exploring for and developing gold deposits within North America. 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.

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