Premier Gold Mines (PG) Reaches New 12-Month Low at $1.65

Premier Gold Mines Ltd. (TSE:PG) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$1.65 and last traded at C$1.73, with a volume of 196301 shares changing hands. The stock had previously closed at C$1.73.

PG has been the subject of a number of analyst reports. CIBC dropped their price target on Premier Gold Mines from C$3.75 to C$3.00 in a research report on Thursday, September 6th. TD Securities dropped their price target on Premier Gold Mines from C$3.25 to C$3.00 and set a “hold” rating for the company in a research report on Thursday, August 9th. Finally, Canaccord Genuity dropped their price target on Premier Gold Mines from C$4.75 to C$4.50 in a research report on Thursday, October 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Premier Gold Mines presently has a consensus rating of “Buy” and a consensus target price of C$4.08.

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.03 and a quick ratio of 2.30.

Premier Gold Mines (TSE:PG) last released its quarterly earnings data on Tuesday, August 7th. The mining company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.04). The company had revenue of C$35.45 million during the quarter. On average, equities research analysts forecast that Premier Gold Mines Ltd. will post -0.0299999985798817 EPS for the current fiscal year.

In other news, Director Ron Little purchased 30,000 shares of the firm’s stock in a transaction on Monday, October 22nd. The shares were bought at an average cost of C$1.89 per share, for a total transaction of C$56,700.00. Also, insider Shaun Anthony Drake sold 20,000 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of C$1.96, for a total value of C$39,200.00. Insiders purchased 75,500 shares of company stock worth $145,285 over the last quarter.

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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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