Premier Gold Mines (TSE:PG) Stock Price Passes Above Two Hundred Day Moving Average of $1.93

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Premier Gold Mines Ltd. (TSE:PG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.93 and traded as high as $2.05. Premier Gold Mines shares last traded at $1.98, with a volume of 261,605 shares.

PG has been the subject of several recent analyst reports. CIBC boosted their price objective on shares of Premier Gold Mines from C$3.00 to C$3.25 in a research report on Monday, July 15th. Canaccord Genuity boosted their price objective on shares of Premier Gold Mines from C$4.50 to C$5.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Finally, Fundamental Research restated a “buy” rating and set a C$3.35 price objective on shares of Premier Gold Mines in a research report on Wednesday, August 28th.

The firm’s 50-day moving average is C$2.23 and its 200 day moving average is C$1.93. The stock has a market cap of $422.96 million and a PE ratio of -19.24. The company has a debt-to-equity ratio of 6.68, a quick ratio of 1.43 and a current ratio of 1.97.

Premier Gold Mines (TSE:PG) last released its quarterly earnings results on Tuesday, August 6th. The mining company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.03). The company had revenue of C$30.76 million for the quarter. On average, sell-side analysts predict that Premier Gold Mines Ltd. will post -0.04 EPS for the current fiscal year.

About Premier Gold Mines (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.

See Also: Balanced Fund

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