Pretium Resources Inc (PVG) Raised to “Outperform” at Scotiabank
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) was upgraded by research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm currently has a C$17.00 price objective on the stock, up from their previous price objective of C$16.50. Scotiabank’s price target points to a potential upside of 12.06% from the stock’s previous close.
A number of other analysts have also recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a C$19.50 price target on shares of Pretium Resources in a research report on Wednesday, July 5th. Numis Securities Ltd dropped their price target on Pretium Resources from C$20.00 to C$18.00 in a research report on Monday, September 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$17.63.
Pretium Resources (PVG) traded up 0.80% on Thursday, hitting $15.17. The stock had a trading volume of 1,639,416 shares. The stock has a 50 day moving average price of $11.17 and a 200 day moving average price of $12.22. Pretium Resources has a 1-year low of $9.17 and a 1-year high of $16.48. The company’s market cap is $2.75 billion.
In other Pretium Resources news, Director Robert Allan Quartermain acquired 22,800 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of C$10.52 per share, with a total value of C$239,856.00.
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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