Pretium Resources Inc (PVG) Trading Up 24.1%

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) shares were up 24.1% on Wednesday . The stock traded as high as C$15.17 and last traded at C$15.05. Approximately 3,633,557 shares were traded during trading, an increase of 614% from the average daily volume of 508,992 shares. The stock had previously closed at C$12.13.

Several research analysts recently weighed in on PVG shares. Scotiabank set a C$16.50 price target on shares of Pretium Resources and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. BMO Capital Markets restated an “outperform” rating and set a C$19.50 price target on shares of Pretium Resources in a research report on Wednesday, July 5th. Finally, Numis Securities Ltd reduced their price target on shares of Pretium Resources from C$20.00 to C$18.00 in a research report on Monday, September 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Pretium Resources currently has an average rating of “Buy” and a consensus target price of C$17.63.

The company’s market capitalization is $2.75 billion. The firm has a 50-day moving average of $11.17 and a 200-day moving average of $12.22.

In other Pretium Resources news, Director Robert Allan Quartermain bought 22,800 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was bought at an average price of C$10.52 per share, for a total transaction of C$239,856.00.

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Pretium Resources Company Profile

Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

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