Premier Gold Mines Ltd. (TSE:PG) shares reached a new 52-week low on Tuesday . The company traded as low as C$1.59 and last traded at C$1.61, with a volume of 128130 shares changing hands. The stock had previously closed at C$1.64.

A number of research analysts recently weighed in on PG shares. CIBC dropped their price target on shares of Premier Gold Mines from C$3.75 to C$3.00 in a research report on Thursday, September 6th. TD Securities dropped their price target on shares of Premier Gold Mines from C$3.25 to C$3.00 and set a “hold” rating on the stock in a research report on Thursday, August 9th. Finally, Canaccord Genuity dropped their price target on shares of Premier Gold Mines from C$4.75 to C$4.50 in a research report on Thursday, October 18th.

The company has a quick ratio of 2.07, a current ratio of 2.73 and a debt-to-equity ratio of 0.02.

In related news, Director Ron Little acquired 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The stock was acquired at an average price of C$1.89 per share, for a total transaction of C$56,700.00. Insiders have purchased 60,000 shares of company stock valued at $109,400 in the last 90 days.

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Premier Gold Mines Company Profile (TSE:PG)

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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