TD Securities Sticks to Its Hold Rating for Premier Gold Mines (PG)

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Premier Gold Mines (PGResearch Report). The company received a Hold yesterday from TD Securities’ analyst Daniel Earle, with a C$2.25 price target.

According to TipRanks.com, Earle has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.1% and a 26.4% success rate. Earle covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, First Majestic Silver, and Guyana Goldfields Inc.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Premier Gold Mines with a C$3.25 average price target.

The company has a one-year high of C$3.94 and a one-year low of C$1.68. Currently, Premier Gold Mines has an average volume of 305.7K.

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 Wednesday at C$1.73, close to its 52-week low of C$1.68.