Scotiabank Analysts Give Pretium Resources Inc (PVG) a C$16.50 Price Target
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) has been assigned a C$16.50 price objective by analysts at Scotiabank in a research report issued to clients and investors on Tuesday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 46.02% from the stock’s previous close.
Several other equities analysts have also recently issued reports on PVG. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$18.00 price target on shares of Pretium Resources in a report on Tuesday, May 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a C$19.50 price target on shares of Pretium Resources in a report on Wednesday, July 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$17.21.
Shares of Pretium Resources (PVG) traded down 9.12% during midday trading on Tuesday, reaching $10.27. 657,890 shares of the company’s stock traded hands. Pretium Resources has a 52-week low of $9.17 and a 52-week high of $16.48. The firm’s market capitalization is $1.86 billion. The stock’s 50 day moving average price is $12.28 and its 200 day moving average price is $13.30.
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In related news, Director Shaoyang Shen bought 19,900 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of C$13.07 per share, with a total value of C$260,093.00. Insiders acquired 21,300 shares of company stock worth $275,164 in the last three months.
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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