Pretium Resources Inc (PVG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Pretium Resources Inc (TSE:PVG) (NYSE:PVG) have earned an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$16.88.

A number of research analysts have weighed in on PVG shares. CIBC lowered Pretium Resources from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$18.00 to C$14.50 in a report on Thursday, January 25th. Royal Bank of Canada cut their price objective on Pretium Resources from C$18.00 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Finally, Scotiabank lowered Pretium Resources from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$19.00 to C$17.75 in a report on Wednesday, January 24th.

Pretium Resources (TSE PVG) traded down C$0.35 during mid-day trading on Tuesday, reaching C$8.54. The company’s stock had a trading volume of 315,935 shares, compared to its average volume of 919,875. The stock has a market cap of $1,560.00, a price-to-earnings ratio of -53.44 and a beta of -0.38. Pretium Resources has a 1-year low of C$8.03 and a 1-year high of C$15.52.

Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its earnings results on Friday, November 10th. The company reported C$0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.17 by C($0.11). The business had revenue of C$88.90 million during the quarter, compared to analyst estimates of C$133.18 million.

In other news, Director Nicole Adshead-Bell bought 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was bought at an average price of C$10.38 per share, for a total transaction of C$59,166.00. Also, Director Christopher Noel Dunn sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of C$14.71, for a total value of C$588,400.00.

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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.

Analyst Recommendations for Pretium Resources (TSE:PVG)

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