Pretium Resources’ (PVG) Buy Rating Reaffirmed at Numis Securities Ltd
Pretium Resources Inc (TSE:PVG) (NYSE:PVG)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Thursday. They currently have a C$22.00 target price on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 45.02% from the company’s previous close.
Several other brokerages have also recently commented on PVG. Scotiabank set a C$16.50 target price on Pretium Resources and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$19.50 target price on shares of Pretium Resources in a research report on Wednesday, July 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Pretium Resources currently has a consensus rating of “Buy” and an average target price of C$17.63.
Pretium Resources (TSE PVG) traded up 0.80% during mid-day trading on Thursday, reaching $15.17. 1,639,416 shares of the company’s stock traded hands. Pretium Resources has a 12 month low of $9.17 and a 12 month high of $16.48. The firm’s 50-day moving average price is $11.17 and its 200 day moving average price is $12.22. The stock’s market capitalization is $2.75 billion.
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In related news, Director Robert Allan Quartermain acquired 22,800 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of C$10.52 per share, for a total transaction 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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