Premier Gold Mines (TSE:PG) Stock Price Passes Above Two Hundred Day Moving Average of $1.95

Shares of Premier Gold Mines Ltd. (TSE:PG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.95 and traded as high as $1.94. Premier Gold Mines shares last traded at $1.83, with a volume of 322,920 shares traded.

A number of analysts have issued reports on the stock. CIBC lifted their target price on shares of Premier Gold Mines from C$3.00 to C$3.25 in a research note on Monday, July 15th. Fundamental Research reiterated a “buy” rating and issued a C$3.35 target price on shares of Premier Gold Mines in a research note on Wednesday, August 28th. Finally, Canaccord Genuity lifted their target price on shares of Premier Gold Mines from C$4.50 to C$5.00 and gave the company a “buy” rating in a research note on Monday, August 19th.

The stock has a market cap of $410.34 million and a P/E ratio of -17.81. The company has a current ratio of 1.97, a quick ratio of 1.43 and a debt-to-equity ratio of 6.68. The company’s fifty day simple moving average is C$2.19 and its 200-day simple moving average is C$1.95.

Premier Gold Mines (TSE:PG) last issued its earnings results on Tuesday, August 6th. The mining company reported C($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.04) by C($0.03). The firm had revenue of C$30.76 million for the quarter. As a group, analysts expect that Premier Gold Mines Ltd. will post -0.06 earnings per share for the current fiscal year.

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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