Premier Gold Mines Limited (OTCMKTS:PIRGF)’s stock price shot up 1.3% on Tuesday . The company traded as high as $2.35 and last traded at $2.32. 34,940 shares were traded during mid-day trading, a decline of 29% from the average session volume of 49,452 shares. The stock had previously closed at $2.29.
A number of equities research analysts have commented on PIRGF shares. Canaccord Genuity decreased their price objective on Premier Gold Mines from $4.75 to $3.40 and set a “buy” rating for the company in a research report on Thursday, December 17th. Scotiabank raised their price objective on Premier Gold Mines from $3.00 to $3.75 in a research report on Monday, January 11th.
The stock has a 50-day simple moving average of $2.33 and a 200 day simple moving average of $2.25.
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 Sonora, Mexico; a 40% interest in the South Arturo Mine situated in Elko County, Nevada; a 50% interest in the Hardrock Gold property 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 Gold project situated in Red Lake Mining District, Ontario.
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