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

Scotiabank set a C$4.75 target price on Premier Gold Mines (TSE:PG) in a research note released on Thursday morning. The brokerage currently has an outperform rating on the mining company’s stock.

Shares of Premier Gold Mines traded up C$0.05, hitting C$2.97, on Thursday, Marketbeat.com reports. 149,857 shares of the stock traded hands, compared to its average volume of 341,334. Premier Gold Mines has a twelve month low of C$2.59 and a twelve month high of C$4.13.

Premier Gold Mines (TSE:PG) last announced its quarterly earnings results on Monday, March 26th. The mining company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$38.50 million for the quarter. Premier Gold Mines had a net margin of 6.21% and a return on equity of 3.98%.

In other Premier Gold Mines news, insider Stephen John Mcgibbon sold 40,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$3.21, for a total value of C$128,400.00. Also, Director Ewan Stewart Downie bought 14,200 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was bought at an average cost of C$3.15 per share, for a total transaction of C$44,730.00.

About Premier Gold Mines

Premier Gold Mines Limited, a mineral exploration company, 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 and the Brookbank project located in Ontario; a 100% interest in the McCoy-Cove project situated in Lander County, 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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