Brokers bullish on Premier African Minerals shares

The Premier African Minerals (LON:PREM) share price has risen by 20.7% over the past month and it’s currently trading at 0.35p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Premier African Minerals currently has:

• 1 Buy recommendations

• 0 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Researching beyond analyst forecasts

At its current price of 0.35p, shares in Premier African Minerals are trading at a discount of -34.0% to its 52 week high price. The 1-year performance of the shares has been 112.1%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Premier African Minerals it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Premier African Minerals that you can find out about here.