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.

WARNING: “Premier Gold Mines (PG) Reaches New 12-Month Low at $1.65” was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://transcriptdaily.com/2018/11/10/premier-gold-mines-pg-reaches-new-12-month-low-at-1-65.html.

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.

See Also: Short Selling Stocks and Day Traders

Receive News & Ratings for Premier Gold Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Gold Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply