Premier Gold Mines Ltd. (TSE:PG) Given Outperform Rating at Scotiabank

Scotiabank reaffirmed their outperform rating on shares of Premier Gold Mines Ltd. (TSE:PG) in a research report sent to investors on Wednesday morning. Scotiabank currently has a C$5.00 price objective on the mining company’s stock.

A number of other brokerages also recently commented on PG. TD Securities restated a hold rating and issued a C$3.25 target price on shares of Premier Gold Mines in a research note on Monday, March 27th. Royal Bank Of Canada restated an outperform rating and issued a C$4.50 target price on shares of Premier Gold Mines in a research note on Thursday, March 30th.

Premier Gold Mines (PG) opened at 2.99 on Wednesday. The firm has a 50-day moving average price of $2.92 and a 200 day moving average price of $2.86. The stock has a market capitalization of $602.57 million and a PE ratio of 29.60. Premier Gold Mines has a 12 month low of $1.87 and a 12 month high of $5.05.

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In other Premier Gold Mines news, Director Ewan Stewart Downie purchased 10,000 shares of the stock in a transaction on Wednesday, April 19th. The shares were bought at an average price of C$2.91 per share, for a total transaction of C$29,100.00.

Premier Gold Mines Company Profile

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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