Premier Gold Mines (TSE:PG) Stock Price Crosses Above 200 Day Moving Average of $1.96
Premier Gold Mines Ltd. (TSE:PG) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.96 and traded as high as $1.88. Premier Gold Mines shares last traded at $1.84, with a volume of 419,082 shares trading hands.
PG has been the subject of a number of research reports. Canaccord Genuity boosted their target price on Premier Gold Mines from C$4.50 to C$5.00 and gave the stock a “buy” rating in a report on Monday, August 19th. CIBC boosted their target price on Premier Gold Mines from C$3.00 to C$3.25 in a report on Monday, July 15th. Finally, Fundamental Research reiterated a “buy” rating and set a C$3.35 target price on shares of Premier Gold Mines in a report on Wednesday, August 28th.
The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.43 and a current ratio of 1.97. The firm has a market cap of $387.19 million and a PE ratio of -17.43. The stock has a fifty day moving average price of C$2.04 and a 200-day moving average price of C$1.96.
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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