Pretium Resources Inc (PVG) Receives Average Recommendation of “Buy” from Analysts
Shares of Pretium Resources Inc (TSE:PVG) (NYSE:PVG) have received a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$18.00.
PVG has been the subject of several recent analyst reports. Scotiabank set a C$16.50 target price on shares of Pretium Resources and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. Numis Securities cut their target price on shares of Pretium Resources from C$20.00 to C$18.00 in a research note on Monday, September 25th. Finally, CIBC raised their target price on shares of Pretium Resources from C$15.75 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, October 13th.
In other Pretium Resources news, Director George Nickolas Paspalas sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of C$15.33, for a total transaction of C$766,500.00. Also, Director Robert Allan Quartermain purchased 22,800 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was acquired at an average price of C$10.52 per share, with a total value of C$239,856.00. Insiders have sold 119,700 shares of company stock valued at $1,797,430 over the last 90 days.
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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