The Globe and Mail reports in its Thursday, Aug. 18, edition that Versant Partners analyst Rob Chang likes the outlook at Premier Gold Mines ($6.57).
The Globe's Darcy Keith writes in the Eye On Equities column that Premier Gold Mines has closed its acquisition of Goldstone Resources, consolidating its ownership of the Hardrock project in Northwestern Ontario.
Mr. Chang says, "The cleaner ownership structure at Hardrock plus its suite of properties makes Premier itself a more attractive takeover target." Mr. Chang rates the stock "buy (speculative)." The analyst boosted his price target to $11.55 from $10.15.
The Globe reported on Oct. 21, 2010, that Middlefield Precious Metals Class Fund, run by Dennis da Silva of Middlefield Capital since 2008, was betting on Premier Gold Mines. It could then be had for $5.44. In the item Mr. da Silva said he expected gold to hit $1,500 an ounce before the end of 2011. The Globe's Scott Adams figured Premier Gold Mines was worth avoiding in the Number Cruncher column on Feb. 8, 2011, when it was trading at $6.67. Mr. Adams suggested that Premier Gold Mines still had room to fall.