Premier Gold Mines (PG) Stock Price Up 2.4%

Premier Gold Mines Ltd. (TSE:PG) shot up 2.4% during trading on Tuesday . The company traded as high as C$3.44 and last traded at C$3.44. 228,208 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 384,394 shares. The stock had previously closed at C$3.36.

A number of research firms recently commented on PG. Scotiabank set a C$4.75 price target on Premier Gold Mines and gave the company an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets set a C$4.75 price target on Premier Gold Mines and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, Beacon Securities lowered Premier Gold Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$4.31.

The firm has a market capitalization of $709.79, a P/E ratio of 13.88 and a beta of -0.60.

Premier Gold Mines (TSE:PG) last announced its quarterly earnings data on Tuesday, November 7th. The mining company reported C$0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.01) by C$0.03. Premier Gold Mines had a return on equity of 3.98% and a net margin of 6.21%.

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About Premier Gold Mines

Premier Gold Mines Limited (Premier) is a Canada-based mineral exploration company focused on exploring for and developing gold deposits within North America. The principal projects in which Premier holds an interest are the Trans-Canada Property, which includes the Hardrock project and the Brookbank project; McCoy-Cove Project, Lander County, Nevada, and South Arturo Mine, Elko County, Nevada.

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