Premier Gold Mines Limited (TSE:PG) was up 5.1% during trading on Tuesday . The stock traded as high as C$3.74 and last traded at C$3.72. Approximately 342,214 shares changed hands during trading, a decline of 56% from the average daily volume of 781,794 shares. The stock had previously closed at C$3.54.

PG has been the topic of a number of recent research reports. BMO Capital Markets set a C$4.75 target price on Premier Gold Mines and gave the company an “outperform” rating in a research note on Thursday, November 16th. Beacon Securities lowered Premier Gold Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$5.00 target price on shares of Premier Gold Mines in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Premier Gold Mines currently has a consensus rating of “Buy” and a consensus price target of C$4.50.

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Premier Gold Mines Company Profile

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.

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