Very Favorable Media Coverage Extremely Likely to Impact Premier Gold Mines (PG) Share Price

News articles about Premier Gold Mines (TSE:PG) have been trending very positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Premier Gold Mines earned a media sentiment score of 3.67 on their scale. InfoTrie also assigned news headlines about the mining company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near future.

Shares of TSE:PG traded down C$0.01 during trading on Tuesday, reaching C$1.48. The stock had a trading volume of 264,204 shares, compared to its average volume of 339,513. Premier Gold Mines has a 52 week low of C$1.41 and a 52 week high of C$3.94. The company has a current ratio of 2.73, a quick ratio of 2.07 and a debt-to-equity ratio of 0.02.

Premier Gold Mines (TSE:PG) last posted its earnings results on Tuesday, November 6th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$27.34 million for the quarter. On average, equities research analysts predict that Premier Gold Mines will post -0.0299999991946309 earnings per share for the current year.

A number of research analysts have commented on the stock. Canaccord Genuity cut their price target on shares of Premier Gold Mines from C$4.75 to C$4.50 in a research note on Thursday, October 18th. CIBC cut their target price on shares of Premier Gold Mines from C$4.50 to C$3.75 in a research note on Thursday, August 9th. Finally, TD Securities cut their target price on shares of Premier Gold Mines from C$3.25 to C$3.00 and set a “hold” rating for the company in a research note on Thursday, August 9th.

In related news, Director Ron Little purchased 30,000 shares of the stock in a transaction that occurred on Monday, October 22nd. The stock was acquired at an average price of C$1.89 per share, with a total value of C$56,700.00. Insiders bought 92,700 shares of company stock valued at $159,457 in the last quarter.

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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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