Premier Gold Mines (TSE:PG) Stock Price Down 2.6%

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Premier Gold Mines Ltd. (TSE:PG)’s share price fell 2.6% on Monday . The stock traded as low as C$1.86 and last traded at C$1.87. 164,086 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 472,269 shares. The stock had previously closed at C$1.92.

Separately, Canaccord Genuity reduced their target price on shares of Premier Gold Mines from C$4.50 to C$4.25 in a research note on Tuesday, April 23rd.

The company has a quick ratio of 2.00, a current ratio of 2.60 and a debt-to-equity ratio of 6.56. The stock has a 50 day moving average price of C$1.78. The stock has a market capitalization of $404.03 million and a P/E ratio of -19.79.

Premier Gold Mines (TSE:PG) last released its quarterly earnings results on Wednesday, May 8th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$30.74 million for the quarter. Equities research analysts anticipate that Premier Gold Mines Ltd. will post -0.09 EPS for the current fiscal year.

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Premier Gold Mines Company Profile (TSE:PG)

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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