CIBC Reaffirms Their Buy Rating on Premier Gold Mines (PG)


Premier Gold Mines (TSX: PG), the Materials sector company, was revisited by a Wall Street analyst today. Analyst David Haughton from CIBC rated Premier Gold Mines (TSX: PG) a Buy, setting a C$3 price target.

According to TipRanks.com, Haughton is ranked #4206 out of 4873 analysts.

Premier Gold Mines has an analyst consensus of Moderate Buy, with a price target consensus of C$3.

Premier Gold Mines’ market cap is currently C$358.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.92.

Premier Gold Mines Ltd. engages in gold producing and mineral exploration, which focuses on precious metals projects in proven, accessible, and safe mining jurisdictions in Canada, the United States, and Mexico. Its projects include Greenstone Gold Property, McCoy-Cove Project, South Arturo Mine, and Mercedes Gold-Silver Mine.

The company’s shares closed on Thursday at C$1.80, close to its 52-week low of C$1.75.

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