Pure Gold Mining (PGM) Price Target Cut to C$0.90 by Analysts at Raymond James
Pure Gold Mining (CVE:PGM) had its target price lowered by investment analysts at Raymond James from C$1.00 to C$0.90 in a research note issued on Friday. Raymond James’ target price would suggest a potential upside of 28.57% from the company’s previous close.
Pure Gold Mining stock traded up C$0.03 during mid-day trading on Friday, hitting C$0.70. 245,575 shares of the company were exchanged, compared to its average volume of 320,992. Pure Gold Mining has a 12-month low of C$0.50 and a 12-month high of C$0.71.
Pure Gold Mining (CVE:PGM) last released its quarterly earnings results on Thursday, November 15th. The company reported C($0.03) earnings per share for the quarter. On average, research analysts anticipate that Pure Gold Mining will post -0.07 EPS for the current year.
Pure Gold Mining Inc, an exploration stage company, engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. It primarily holds a 100% interest in the Madsen Gold project comprising 257 mining claims that covers an area of approximately 4,600 hectares located in the prolific Red Lake gold camp of Northwestern Ontario.
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