Markets

Analyst Actions: Desjardins Reiterates "Buy" for Peregrine Diamonds

Desjardins Securities Inc. analyst Brian Christie said in a research note today that this week's selloff in shares of Peregrine Diamonds Ltd. (PGD.TO) presents a buying opportunity, the Globe and Mail reported. Mr. Christie noted tts asset base remains "very prospective" and upcoming exploration results at its diamond plays should support its progress from a promising exploration play to a development company. "We spoke with management, which outlined a solid pipeline of news for the coming months."

Desjardins Securities reiterated "buy" rating and $3 price target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More