Premier Gold Mines (PG) Reaches New 12-Month Low at $1.59
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.
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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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