Pretium Resources Now Covered by Analysts at Scotiabank (PVG)
Investment analysts at Scotiabank began coverage on shares of Pretium Resources (TSE:PVG) in a note issued to investors on Saturday, AR Network reports. The firm set a “sector perform” rating and a C$14.25 price target on the stock. Scotiabank’s price objective suggests a potential upside of 189.05% from the stock’s previous close.
A number of other firms have also recently commented on PVG. Analysts at CIBC cut their price target on shares of Pretium Resources from C$15.50 to C$8.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Analysts at Roth Capital initiated coverage on shares of Pretium Resources in a research note to investors on Wednesday, October 2nd. They set a “buy” rating and a C$18.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$16.15.
Pretium Resources (TSE:PVG) opened at 4.93 on Friday. Pretium Resources has a 1-year low of $5.53 and a 1-year high of $14.34. The stock’s 50-day moving average is $8.73 and its 200-day moving average is $7.82.
Pretium Resources Inc is an exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas.
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