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Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)Inflation data lifts Wall StreetTech leads rebound, Boeing slidesIt's a sum-of-the-parts story with three moving parts. The knock on it was they always needed to finance, but they financed. He likes their assets, including a joint venture with Barrick, which is worth PG's market cap alone. Their Ontario and Mexico assets are extraneous and will likely be sold. (Analysts’ price target is $3.93)
This is in Ontario, but now has cash producing assets in a joint venture in Nevada. A bit of a different play than it was before, and he is more focused on exploration so this is not something he is looking at right now. It makes a lot of sense in terms of exposure to Canada and safety consideration. They have a good working capital position right now and won’t have to go to market anytime soon.
(A Top Pick Aug 2/16. Down 25%.) He still likes this. They had a small mine that lasted a year, but generated about $60 million in cash flow. They are now looking for an underground extension, and management is very confident that it will be built out. A good core holding among the junior gold producers.
He likes management and the approach they have taken. They have a bunch of different things going on including a mine in Nevada, and a project in Geraldton Ontario, a low-grade project that is something that will grow. This is a little more complex to follow. He likes what they have in Red Lake next to the Goldcorp project.
Premier Gold Mines is a Canadian stock, trading under the symbol PG-T on the Toronto Stock Exchange (PG-CT). It is usually referred to as TSX:PG or PG-T
In the last year, there was no coverage of Premier Gold Mines published on Stockchase.
Premier Gold Mines was recommended as a Top Pick by on . Read the latest stock experts ratings for Premier Gold Mines.
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0 stock analysts on Stockchase covered Premier Gold Mines In the last year. It is a trending stock that is worth watching.
On 2021-04-12, Premier Gold Mines (PG-T) stock closed at a price of $2.96.