Pure Gold Mining (CVE:PGM) Cut to Neutral at Pi Financial

Pure Gold Mining (CVE:PGMGet Rating) was downgraded by equities researchers at Pi Financial from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Zacks.com reports. Pi Financial also issued estimates for Pure Gold Mining’s FY2022 earnings at $0.01 EPS and FY2023 earnings at $0.10 EPS.

Separately, Desjardins raised shares of Pure Gold Mining from a “sell” rating to a “hold” rating in a research report on Sunday, February 13th.

PGM stock opened at C$0.19 on Monday. The firm has a market capitalization of C$94.74 million and a PE ratio of -2.32. The stock’s 50 day moving average is C$0.63. The company has a debt-to-equity ratio of 156.62, a quick ratio of 0.66 and a current ratio of 0.93. Pure Gold Mining has a 52 week low of C$0.19 and a 52 week high of C$1.81.

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 Pure Gold Red Lake Gold project comprises 251 mining leases, mining patents, and unpatented mining claims covering an area of approximately 4,700 hectares located near Red Lake, Ontario.

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