Pretium Resources Inc (PVG) Receives Consensus Rating of “Buy” from Analysts
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) has earned an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$17.21.
A number of equities analysts have recently weighed in on PVG shares. Royal Bank Of Canada reissued an “outperform” rating and set a C$18.00 price target on shares of Pretium Resources in a research report on Tuesday, May 23rd. Scotiabank set a C$16.50 price target on shares of Pretium Resources and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$19.50 price target on shares of Pretium Resources in a research report on Wednesday, July 5th.
Pretium Resources (PVG) opened at 10.56 on Friday. The firm has a 50 day moving average price of $10.73 and a 200 day moving average price of $12.45. Pretium Resources has a 12-month low of $9.17 and a 12-month high of $16.48. The company’s market cap is $1.91 billion.
In related news, Director Robert Allan Quartermain acquired 22,800 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of C$10.52 per share, for a total transaction of C$239,856.00.
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About Pretium Resources
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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