Premier Gold Mines (PG) Price Target Cut to C$3.00 by Analysts at CIBC
A number of other equities analysts have also recently commented on the company. Royal Bank of Canada reaffirmed an outperform rating and issued a C$4.50 price target on shares of Premier Gold Mines in a research note on Thursday, July 5th. TD Securities decreased their price target on Premier Gold Mines from C$3.25 to C$3.00 and set a hold rating on the stock in a research note on Thursday, August 9th. Finally, Scotiabank reaffirmed an outperform rating and issued a C$4.75 price target on shares of Premier Gold Mines in a research note on Wednesday, May 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Premier Gold Mines currently has a consensus rating of Buy and a consensus target price of C$4.00.
TSE:PG opened at C$1.84 on Thursday. Premier Gold Mines has a 1-year low of C$1.75 and a 1-year high of C$4.06.
In other news, insider Steven John Filipovic sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of C$2.80, for a total transaction of C$98,000.00. Also, Director John Seaman sold 47,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of C$2.74, for a total value of C$130,150.00. Over the last ninety days, insiders acquired 44,000 shares of company stock worth $92,685 and sold 120,000 shares worth $314,300.
Premier Gold Mines Company Profile
Premier Gold Mines Limited explores for, develops, and produces gold and silver deposits in Canada, the United States, and Mexico. It principally holds a 100% interest in the Mercedes Mine property located in the Southeast of Magdalena de Kino, in Sonora State, Mexico; a 40% interest in the South Arturo Mine situated in Elko County, Nevada; a 50% interest in the Greenstone Gold property, which includes the Hardrock project located in Ontario; a 100% interest in the McCoy-Cove project situated in Nevada; a 44% interest in the Rahil Bonaza project located in Northwestern Ontario; and a 100% interest in the Hasaga project situated in Red Lake Mining District, Ontario.
Further Reading: Return on Investment (ROI)
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