Pretium Resources (TSE:PVG) Shares Pass Above Two Hundred Day Moving Average of $13.06

Pretium Resources Inc (TSE:PVG) (NYSE:PVG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.06 and traded as high as $15.63. Pretium Resources shares last traded at $15.55, with a volume of 275,075 shares.

PVG has been the subject of a number of research reports. Royal Bank of Canada boosted their target price on Pretium Resources from C$12.00 to C$14.00 in a report on Wednesday, June 26th. CIBC boosted their target price on Pretium Resources from C$12.00 to C$15.50 in a report on Monday, July 15th. HC Wainwright reiterated a “buy” rating on shares of Pretium Resources in a report on Monday, August 19th. Finally, Canaccord Genuity boosted their target price on Pretium Resources from C$17.50 to C$17.75 in a report on Friday, July 19th.

The company has a debt-to-equity ratio of 63.92, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market cap of $2.81 billion and a PE ratio of 103.53. The stock has a fifty day moving average price of C$16.55 and a 200-day moving average price of C$13.06.

Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its earnings results on Thursday, August 1st. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.08 by C$0.04. The firm had revenue of C$151.43 million for the quarter, compared to analysts’ expectations of C$144.80 million. As a group, equities analysts predict that Pretium Resources Inc will post 1.2000001 earnings per share for the current fiscal year.

In other Pretium Resources news, Director George Nickolas Paspalas sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$17.95, for a total value of C$897,500.00. Following the completion of the transaction, the director now owns 37,646 shares in the company, valued at approximately C$675,745.70. Also, Senior Officer Tom Yip sold 18,100 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$17.05, for a total value of C$308,605.00. Following the completion of the transaction, the insider now owns 55,000 shares of the company’s stock, valued at approximately C$937,750. In the last 90 days, insiders sold 428,100 shares of company stock valued at $7,385,624.

About Pretium Resources (TSE:PVG)

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

Further Reading: Equal Weight Rating

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