Media coverage about Premier Gold Mines (TSE:PG) has trended somewhat positive on Wednesday, InfoTrie reports. The research group scores the sentiment of press coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Premier Gold Mines earned a coverage optimism score of 1.85 on their scale. InfoTrie also assigned news coverage about the mining company an news buzz score of 7 out of 10, meaning that recent press coverage is likely to have an effect on the company’s share price in the next few days.
PG stock opened at C$1.81 on Wednesday. Premier Gold Mines has a 52 week low of C$1.68 and a 52 week high of C$3.94.
Premier Gold Mines (TSE:PG) last posted its quarterly earnings results on Tuesday, August 7th. The mining company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.04). The company had revenue of C$35.45 million for the quarter.
Several analysts recently commented on the stock. Canaccord Genuity decreased their price target on shares of Premier Gold Mines from C$4.75 to C$4.50 in a report on Thursday, October 18th. CIBC decreased their price target on shares of Premier Gold Mines from C$4.50 to C$3.75 in a report on Thursday, August 9th. Finally, TD Securities decreased their price target on shares of Premier Gold Mines from C$3.25 to C$3.00 and set a “hold” rating for the company in a report on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$4.08.
In other Premier Gold Mines news, insider Shaun Anthony Drake sold 20,000 shares of Premier Gold Mines stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of C$1.96, for a total value of C$39,200.00. Also, Director Ron Little bought 30,000 shares of Premier Gold Mines stock in a transaction on Monday, October 22nd. The stock was acquired at an average price of C$1.89 per share, with a total value of C$56,700.00. Over the last 90 days, insiders have purchased 81,500 shares of company stock valued at $157,885.
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About Premier Gold Mines
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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