Premier Gold Mines Limited (TSE:PG)’s share price traded down 1.1% during trading on Tuesday . The company traded as low as C$3.44 and last traded at C$3.55. 169,605 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 797,685 shares. The stock had previously closed at C$3.51.
Several research analysts have weighed in on the stock. Scotiabank reissued an “outperform” rating and set a C$5.00 price objective on shares of Premier Gold Mines in a report on Thursday, August 31st. Beacon Securities lowered shares of Premier Gold Mines from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BMO Capital Markets set a C$4.75 target price on shares of Premier Gold Mines and gave the company an “outperform” rating in a research note on Thursday, November 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$4.50.
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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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