Canaccord Genuity Cuts Premier Gold Mines (PG) Price Target to C$4.50
Premier Gold Mines (TSE:PG) had its price target reduced by Canaccord Genuity from C$4.75 to C$4.50 in a note issued to investors on Thursday. Canaccord Genuity’s price objective would suggest a potential upside of 133.16% from the stock’s current price.
A number of other research firms also recently weighed in on PG. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$4.50 price target on shares of Premier Gold Mines in a research note on Thursday, July 5th. TD Securities cut their price target on Premier Gold Mines from C$3.25 to C$3.00 and set a “hold” rating for the company in a research note on Thursday, August 9th. Finally, CIBC cut their price target on Premier Gold Mines from C$4.50 to C$3.75 in a research note on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$4.08.
Shares of TSE PG opened at C$1.93 on Thursday. Premier Gold Mines has a one year low of C$1.69 and a one year high of C$3.94.
In related news, insider Shaun Anthony Drake sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of C$1.96, for a total value of C$39,200.00. Insiders purchased a total of 51,500 shares of company stock worth $101,185 over the last three months.
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.
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