CIBC Raises Premier Gold Mines (TSE:PG) Price Target to C$3.25

Premier Gold Mines (TSE:PG) had its price target increased by CIBC from C$3.00 to C$3.25 in a research report released on Monday, BayStreet.CA reports.

Separately, Canaccord Genuity cut shares of ProMetic Life Sciences to a hold rating in a research note on Tuesday, April 23rd.

Shares of TSE PG opened at C$2.33 on Monday. Premier Gold Mines has a 12-month low of C$1.39 and a 12-month high of C$2.85. The stock has a market cap of $444.01 million and a PE ratio of -24.53. The company has a debt-to-equity ratio of 6.56, a quick ratio of 2.00 and a current ratio of 2.60. The company’s 50-day simple moving average is C$2.02.

Premier Gold Mines (TSE:PG) last announced its quarterly earnings data on Wednesday, May 8th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$30.74 million for the quarter. On average, research analysts anticipate that Premier Gold Mines will post -0.02 earnings per share for the current fiscal year.

About Premier Gold Mines

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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