Ewan Stewart Downie Buys 17,500 Shares of Premier Gold Mines Ltd. (TSE:PG) Stock

Premier Gold Mines Ltd. (TSE:PG) Director Ewan Stewart Downie acquired 17,500 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was purchased at an average cost of C$1.75 per share, for a total transaction of C$30,625.00. Following the completion of the transaction, the director now owns 4,217,778 shares in the company, valued at approximately C$7,381,111.50.

Shares of PG stock traded up C$0.15 on Friday, reaching C$1.76. 1,558,948 shares of the stock were exchanged, compared to its average volume of 987,976. The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 9.82. The business’s 50 day moving average price is C$1.95 and its 200 day moving average price is C$2.06. The company has a market capitalization of $370.41 million and a price-to-earnings ratio of -15.30. Premier Gold Mines Ltd. has a twelve month low of C$1.41 and a twelve month high of C$2.55.

Premier Gold Mines (TSE:PG) last issued its earnings results on Tuesday, November 12th. The mining company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01. The firm had revenue of C$18.75 million for the quarter. Equities research analysts forecast that Premier Gold Mines Ltd. will post -0.01 earnings per share for the current year.

Separately, Fundamental Research restated a “buy” rating and issued a C$3.24 price objective on shares of Premier Gold Mines in a report on Tuesday, December 3rd.

Premier Gold Mines Company Profile

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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