Premier Gold Mines (TSE:PG) Stock Price Up 4.9%

Shares of Premier Gold Mines Ltd. (TSE:PG) rose 4.9% during trading on Thursday . The company traded as high as C$1.93 and last traded at C$1.92, approximately 98,400 shares were traded during trading. A decline of 82% from the average daily volume of 532,935 shares. The stock had previously closed at C$1.83.

PG has been the subject of a number of analyst reports. CIBC upped their price objective on shares of Premier Gold Mines from C$3.00 to C$3.25 in a research note on Monday, July 15th. Canaccord Genuity upped their target price on Premier Gold Mines from C$4.50 to C$5.00 and gave the company a “buy” rating in a report on Monday, August 19th. Finally, Fundamental Research reiterated a “buy” rating and issued a C$3.35 target price on shares of Premier Gold Mines in a report on Wednesday, August 28th.

The company has a market cap of $408.23 million and a price-to-earnings ratio of -18.00. The company has a current ratio of 1.97, a quick ratio of 1.43 and a debt-to-equity ratio of 6.68. The business has a fifty day moving average price of C$2.01 and a two-hundred day moving average price of C$1.97.

Premier Gold Mines (TSE:PG) last issued its earnings results on Tuesday, August 6th. The mining company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.03). The firm had revenue of C$30.76 million during the quarter. On average, analysts anticipate that Premier Gold Mines Ltd. will post 0.02 EPS for the current year.

Premier Gold Mines Company Profile (TSE:PG)

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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