Equities research analysts at Canaccord Genuity reduced their target price on shares of Premier Gold Mines (TSE: PG) from C$6.50 to C$3.25 in a research note issued to investors on Wednesday, Analyst Ratings Network reports. Canaccord Genuity’s price objective points to a potential upside of 82.58% from the company’s current price.
A number of other firms have also recently commented on PG. Analysts at Scotiabank cut their price target on shares of Premier Gold Mines from C$6.00 to C$4.75 in a research note to investors on Monday, July 8th. Separately, analysts at CIBC reiterated a “sector perform” rating on shares of Premier Gold Mines in a research note to investors on Monday, July 8th. They now have a C$7.00 price target on the stock.
One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$5.42.
Shares of Premier Gold Mines (TSE: PG) opened at 1.78 on Wednesday. Premier Gold Mines has a 52 week low of $1.51 and a 52 week high of $6.79. The stock’s 50-day moving average is currently $1.99. The company’s market cap is $266.2 million.
Premier Gold Mines Limited (TSE: PG) is an exploration companies with a pipeline of gold projects focused in mining jurisdictions in Canada and the United