Premier Gold Mines

PG-T

Analysis and Opinions about PG-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 2, 2020
(A Top Pick Oct 16/19, Down 28%) It is like everything that could go wrong did go wrong. Their Mexican mine did not meet guidance and did not generate enough free cash flow. Their 50% cash flow in a north Ontario deposit has had the partner cause a delay in the capital spending. They had to raise money for their joint venture in Nevada where it is accelerating in spending. It is highly levered.
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(A Top Pick Oct 16/19, Down 28%) It is like everything that could go wrong did go wrong. Their Mexican mine did not meet guidance and did not generate enough free cash flow. Their 50% cash flow in a north Ontario deposit has had the partner cause a delay in the capital spending. They had to raise money for their joint venture in Nevada where it is accelerating in spending. It is highly levered.
TOP PICK
TOP PICK
March 2, 2020

It'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)

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It'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)

WAIT
WAIT
January 23, 2020
Likes it. $5 target on it. Still has it as a buy. There's some litigation. Tends to shy away and wait when lawyers get involved.
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Premier Gold Mines (PG-T)
January 23, 2020
Likes it. $5 target on it. Still has it as a buy. There's some litigation. Tends to shy away and wait when lawyers get involved.
PARTIAL BUY
PARTIAL BUY
November 6, 2019
The stock has languished vs. the gold price. He knows the managers; well-run. Buy a half-position now, then the other when they announce construction financing for the next project.
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Premier Gold Mines (PG-T)
November 6, 2019
The stock has languished vs. the gold price. He knows the managers; well-run. Buy a half-position now, then the other when they announce construction financing for the next project.
TOP PICK
TOP PICK
October 16, 2019
His target price is $2.90. They are involved in a hard rock open pit project in Northern Ontario. It holds about 5.8 million ounces of resources. It has low geopolitical risk. It is also operating a project in Mexico. The risk is if gold prices falter. They also need about $200 million to develop the hard rock project, so there is a large short position out against them. Yield 0% (Analysts’ price target is $3.88)
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Premier Gold Mines (PG-T)
October 16, 2019
His target price is $2.90. They are involved in a hard rock open pit project in Northern Ontario. It holds about 5.8 million ounces of resources. It has low geopolitical risk. It is also operating a project in Mexico. The risk is if gold prices falter. They also need about $200 million to develop the hard rock project, so there is a large short position out against them. Yield 0% (Analysts’ price target is $3.88)
BUY
BUY
April 16, 2019
He has a $4.50 target. He likes it. Good managers and a low cost of production. Safe geography too in where it operates. They have a pretty good deposit.
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He has a $4.50 target. He likes it. Good managers and a low cost of production. Safe geography too in where it operates. They have a pretty good deposit.
DON'T BUY
DON'T BUY
January 28, 2019
Gold will trade in the $1,100-1,400 range. For PG to rise, gold must rise even above $1,400. He doesn't see any short-term upside in gold. PG has probably bottomed out, but he doesn't see it going up either.
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Premier Gold Mines (PG-T)
January 28, 2019
Gold will trade in the $1,100-1,400 range. For PG to rise, gold must rise even above $1,400. He doesn't see any short-term upside in gold. PG has probably bottomed out, but he doesn't see it going up either.
PAST TOP PICK
PAST TOP PICK
October 16, 2018

(Past top pick March 6, 2018, Down 39%) Diversified North American portfolio with good geopolitical risk. They have a joint venture with Barrick which he just saw himself. Likes management. They have development as wel as exploration assets. He really likes their exposure to Nevada.

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Premier Gold Mines (PG-T)
October 16, 2018

(Past top pick March 6, 2018, Down 39%) Diversified North American portfolio with good geopolitical risk. They have a joint venture with Barrick which he just saw himself. Likes management. They have development as wel as exploration assets. He really likes their exposure to Nevada.

TOP PICK
TOP PICK
March 6, 2018

Impressed with how they've bought projects and kept them in production. Will spend $90 million on projects this year, $60 with partners. That's the way to run a business. This will grow into a company that someone larger will buy to get into the North American market.

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Impressed with how they've bought projects and kept them in production. Will spend $90 million on projects this year, $60 with partners. That's the way to run a business. This will grow into a company that someone larger will buy to get into the North American market.

TOP PICK
TOP PICK
March 6, 2018

Very liquid. Has a joint venture with Barrick Gold, so there are growth opportunities. One of the lowest-cash cost mines around. He sees a lot of drilling coming from their exploration. They generate a lot of free cash flow.

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Very liquid. Has a joint venture with Barrick Gold, so there are growth opportunities. One of the lowest-cash cost mines around. He sees a lot of drilling coming from their exploration. They generate a lot of free cash flow.

COMMENT
COMMENT
November 9, 2017

He is fairly positive on the whole junior producing sector. Thinks it is going to be pretty hard to screw up next year, and thinks this will trade higher.

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Premier Gold Mines (PG-T)
November 9, 2017

He is fairly positive on the whole junior producing sector. Thinks it is going to be pretty hard to screw up next year, and thinks this will trade higher.

COMMENT
COMMENT
October 2, 2017

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.

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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.

PAST TOP PICK
PAST TOP PICK
September 15, 2017

(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.

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Premier Gold Mines (PG-T)
September 15, 2017

(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.

COMMENT
COMMENT
March 7, 2017

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.

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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.

HOLD
HOLD
March 6, 2017

Has a lot of respect for the president. Bought this in December, and just sold it a few weeks ago. The stock has come off since then. An interesting play, and something certainly worth holding in terms of gold. They are producing gold out of Arturo, and it looks like the grade is higher than expected. The Cove deposit they are drilling out seems to be hanging together now. He sees no fatal flaws here. He would like to see this under $2, and if he saw it at $1.50, he would buy a lot.

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Has a lot of respect for the president. Bought this in December, and just sold it a few weeks ago. The stock has come off since then. An interesting play, and something certainly worth holding in terms of gold. They are producing gold out of Arturo, and it looks like the grade is higher than expected. The Cove deposit they are drilling out seems to be hanging together now. He sees no fatal flaws here. He would like to see this under $2, and if he saw it at $1.50, he would buy a lot.

Showing 1 to 15 of 59 entries

Premier Gold Mines(PG-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Premier Gold Mines is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Premier Gold Mines(PG-T) Frequently Asked Questions

What is Premier Gold Mines stock symbol?

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

Is Premier Gold Mines a buy or a sell?

In the last year, 2 stock analysts published opinions about PG-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Premier Gold Mines.

Is Premier Gold Mines a good investment or a top pick?

Premier Gold Mines was recommended as a Top Pick by Rick Rule on 2020-03-02. Read the latest stock experts ratings for Premier Gold Mines.

Why is Premier Gold Mines stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Premier Gold Mines worth watching?

2 stock analysts on Stockchase covered Premier Gold Mines In the last year. It is a trending stock that is worth watching.

What is Premier Gold Mines stock price?

On 2020-07-10, Premier Gold Mines (PG-T) stock closed at a price of $2.5.