Stonecap Securities Raises Target on PG

OVAIS HABIB, Stonecap Securities (04/07/2011)
"Premier Gold reported a resource estimate at its Hardrock Project (70% PG) that included an updated open-pit resource, as well as a preliminary resource estimate on the underground zones. . .the combined resource totaled 3.63 Moz. (2.54 Moz. attributable to Premier Gold), which is ~42% greater than our expectations. We continue to recommend Premier Gold with a OUTPERFORM rating and are raising our 12-month target price to $9.60/sh from $8/sh."

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