Premier Gold Mines Ltd. (TSE:PG) Director Ewan Stewart Downie Purchases 25,000 Shares

Premier Gold Mines Ltd. (TSE:PG) Director Ewan Stewart Downie acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average cost of C$1.50 per share, with a total value of C$37,500.00. Following the acquisition, the director now directly owns 4,297,778 shares of the company’s stock, valued at approximately C$6,446,667.

Ewan Stewart Downie also recently made the following trade(s):

  • On Monday, January 27th, Ewan Stewart Downie bought 25,000 shares of Premier Gold Mines stock. The shares were purchased at an average cost of C$1.57 per share, for a total transaction of C$39,250.00.
  • On Wednesday, January 8th, Ewan Stewart Downie bought 17,500 shares of Premier Gold Mines stock. The stock was purchased at an average price of C$1.75 per share, for a total transaction of C$30,625.00.

PG stock traded down C$0.06 during midday trading on Friday, hitting C$1.48. 435,812 shares of the company’s stock were exchanged, compared to its average volume of 586,775. Premier Gold Mines Ltd. has a 1-year low of C$1.41 and a 1-year high of C$2.55. 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 stock has a market capitalization of $324.11 million and a PE ratio of -12.87. The business has a 50-day simple moving average of C$1.70 and a two-hundred day simple moving average of C$1.97.

Premier Gold Mines (TSE:PG) last announced its quarterly earnings results on Tuesday, November 12th. The mining company reported C($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.03) by C$0.01. The business had revenue of C$18.75 million during the quarter. As a group, research analysts expect that Premier Gold Mines Ltd. will post -0.02 EPS for the current fiscal year.

Several analysts have recently weighed in on PG shares. Canaccord Genuity dropped their price target on shares of Premier Gold Mines from C$5.00 to C$4.25 in a research note on Wednesday, January 15th. Fundamental Research reaffirmed a “buy” rating and set a C$3.24 price target on shares of Premier Gold Mines in a research 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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