RBC Raises Target on PG

MICHAEL CURRAN, RBC Capital Markets (04/06/2011)
"Successful 2010 Drill Program: Premier announced revised gold resources for the Hardrock project. . .total gold resources have increased from 2.3–3.6 Moz., including 2.5 Moz. of M&I and 1.1 Moz. inferred. We are increasing our 12-month target price from $8.50 to $11/sh to reflect the fair value generated using an adjusted market capitalization per resource ounce (AMC/oz.) and our revised resource targets for Premier's major assets."

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