Premier Gold Mines (PG) Given a C$4.75 Price Target at Scotiabank

Premier Gold Mines (TSE:PG) has been assigned a C$4.75 target price by stock analysts at Scotiabank in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target suggests a potential upside of 34.56% from the company’s previous close.

A number of other research analysts also recently commented on the company. BMO Capital Markets set a C$4.75 target price on Premier Gold Mines and gave the company an “outperform” rating in a research note on Thursday, November 16th. Beacon Securities downgraded Premier Gold Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$4.31.

Shares of Premier Gold Mines (TSE PG) traded down C$0.03 during midday trading on Thursday, reaching C$3.53. The company’s stock had a trading volume of 211,701 shares, compared to its average volume of 376,592. Premier Gold Mines has a 1 year low of C$2.17 and a 1 year high of C$4.13. The stock has a market capitalization of $720.42, a P/E ratio of 14.08 and a beta of -0.47.

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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.

Analyst Recommendations for Premier Gold Mines (TSE:PG)

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