Pretium Resources Inc. (TSE:PVG) Receives C$16.93 Average PT from Analysts

Pretium Resources Inc. (TSE:PVG) (NYSE:PVG) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$16.93.

Several equities research analysts recently weighed in on PVG shares. Canaccord Genuity cut Pretium Resources to a “hold” rating and set a C$18.50 target price for the company. in a report on Monday, November 15th. Cormark restated a “sector perform” rating on shares of Pretium Resources in a report on Thursday, November 11th. CIBC restated a “neutral” rating and set a C$14.50 target price on shares of Pretium Resources in a report on Monday, August 16th. HC Wainwright reiterated a “buy” rating and issued a C$16.00 price objective on shares of Pretium Resources in a report on Wednesday, November 10th. Finally, National Bank Financial increased their price objective on Pretium Resources from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Friday, September 10th.

In other news, Director David Smith sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 14th. The stock was sold at an average price of C$13.02, for a total value of C$26,040.00. Following the completion of the transaction, the director now owns 23,501 shares of the company’s stock, valued at approximately C$305,983.02.

Shares of Pretium Resources stock traded down C$0.06 during trading on Thursday, hitting C$17.62. 85,505 shares of the stock traded hands, compared to its average volume of 396,727. The stock has a market cap of C$3.31 billion and a price-to-earnings ratio of -71.58. Pretium Resources has a 52 week low of C$10.40 and a 52 week high of C$18.57. The firm’s fifty day moving average is C$14.28 and its 200-day moving average is C$13.12. The company has a quick ratio of 1.11, a current ratio of 1.28 and a debt-to-equity ratio of 23.27.

Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its earnings results on Thursday, November 11th. The company reported C$0.16 earnings per share for the quarter, meeting the consensus estimate of C$0.16. The company had revenue of C$184.88 million for the quarter. On average, analysts forecast that Pretium Resources will post 1.0599999 earnings per share for the current fiscal year.

About Pretium Resources

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interests in the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,306 hectares located in northwestern British Columbia.

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Analyst Recommendations for Pretium Resources (TSE:PVG)

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