Pretium Resources (NYSE:PVG) (TSE:PVG) had its price target lowered by HC Wainwright from $20.50 to $15.00 in a research report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target suggests a potential upside of 102.43% from the stock’s previous close.
PVG has been the topic of several other research reports. Canaccord Genuity lowered Pretium Resources from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $18.50 to $12.50 in a report on Wednesday. ValuEngine lowered Pretium Resources from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, January 15th. Royal Bank of Canada lowered Pretium Resources from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $20.00 to $16.00 in a report on Friday, November 1st. Finally, Roth Capital lowered Pretium Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $15.00 to $8.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.35.
Shares of PVG stock opened at $7.41 on Thursday. The stock’s 50-day moving average is $10.45 and its two-hundred day moving average is $11.12. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 13.80 and a beta of -0.57. Pretium Resources has a 1 year low of $6.80 and a 1 year high of $13.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.23 and a current ratio of 0.38.
Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.08. The company had revenue of $135.50 million for the quarter, compared to analyst estimates of $173.18 million. Pretium Resources had a return on equity of 10.93% and a net margin of 8.44%. During the same quarter last year, the company posted $0.11 earnings per share. As a group, research analysts predict that Pretium Resources will post 0.95 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in PVG. Usca Ria LLC acquired a new stake in Pretium Resources in the third quarter valued at about $46,000. Steward Partners Investment Advisory LLC acquired a new stake in Pretium Resources in the third quarter valued at about $47,000. Banque Cantonale Vaudoise acquired a new stake in Pretium Resources in the fourth quarter valued at about $99,000. NEXT Financial Group Inc acquired a new stake in Pretium Resources in the third quarter valued at about $176,000. Finally, Bennicas & Associates Inc. lifted its position in Pretium Resources by 22.7% in the fourth quarter. Bennicas & Associates Inc. now owns 16,200 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 52.20% of the company’s stock.
About Pretium Resources
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.
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