Pure Gold Mining (CVE:PGM) Given New C$0.40 Price Target at Stifel Nicolaus

Pure Gold Mining (CVE:PGMGet Rating) had its price objective lowered by Stifel Nicolaus from C$0.70 to C$0.40 in a report published on Tuesday, BayStreet.CA reports.

PGM has been the subject of a number of other reports. Desjardins raised shares of Pure Gold Mining from a sell rating to a hold rating in a research report on Sunday, February 13th. Pi Financial lowered shares of Pure Gold Mining from a buy rating to a neutral rating in a research report on Monday, April 11th.

CVE PGM opened at C$0.18 on Tuesday. The company has a 50 day simple moving average of C$0.38 and a 200-day simple moving average of C$0.62. The company has a debt-to-equity ratio of 188.36, a current ratio of 0.49 and a quick ratio of 0.23. The firm has a market capitalization of C$87.26 million and a price-to-earnings ratio of -2.08. Pure Gold Mining has a 52-week low of C$0.14 and a 52-week high of C$1.81.

Pure Gold Mining (CVE:PGMGet Rating) last posted its quarterly earnings results on Wednesday, March 30th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.02). The firm had revenue of C$15.95 million for the quarter. On average, analysts predict that Pure Gold Mining will post 0.11 EPS for the current year.

About Pure Gold Mining (Get Rating)

Pure Gold Mining Inc engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. Its principal property is the PureGold Mine project comprises 251 mining leases, mining patents, and unpatented mining claims covering an area of approximately 4,648 hectares located near Red Lake, Ontario.

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