Scotiabank Initiates Coverage on Premier Gold Mines Ltd. (PG)

Scotiabank initiated coverage on shares of Premier Gold Mines Ltd. (TSE:PG) in a report issued on Thursday, StockTargetPrices.com reports. The brokerage set an “outperform” rating and a C$5.00 price target on the stock. Scotiabank’s price target points to a potential upside of 46.20% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. CIBC dropped their target price on Premier Gold Mines from C$5.00 to C$4.50 in a research report on Wednesday, January 11th. Canaccord Genuity dropped their target price on Premier Gold Mines from C$5.25 to C$5.00 and set a “buy” rating for the company in a research report on Tuesday, January 17th. TD Securities reaffirmed a “hold” rating and issued a C$3.25 target price on shares of Premier Gold Mines in a research report on Monday, March 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$4.50 target price on shares of Premier Gold Mines in a research report on Thursday, March 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$4.40.

Analyst Recommendations for Premier Gold Mines (TSE:PG)

Shares of Premier Gold Mines (TSE:PG) traded down 2.05% during trading on Thursday, hitting $3.35. 1,063,345 shares of the company traded hands. The company has a 50-day moving average of $2.89 and a 200-day moving average of $2.88. Premier Gold Mines has a 52-week low of $1.87 and a 52-week high of $5.05. The stock’s market capitalization is $675.13 million.

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In other news, Director Ewan Stewart Downie bought 15,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was bought at an average cost of C$2.30 per share, with a total value of C$34,500.00. Over the last ninety days, insiders acquired 30,000 shares of company stock valued at $75,700.

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.

Stock Target Prices

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