Pretium Resources Inc (TSE:PVG) (NYSE:PVG) – Equities research analysts at Cormark dropped their Q3 2018 earnings per share estimates for Pretium Resources in a research note issued on Monday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.31. Cormark also issued estimates for Pretium Resources’ FY2018 earnings at $0.90 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $1.13 EPS.
A number of other research firms have also commented on PVG. Scotiabank lowered shares of Pretium Resources from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$19.00 to C$17.75 in a report on Wednesday, January 24th. Royal Bank of Canada lowered their target price on shares of 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, CIBC lowered shares of Pretium Resources from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$18.00 to C$14.50 in a report on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Pretium Resources presently has an average rating of “Buy” and an average price target of C$16.50.
In other news, Director Robert Allan Quartermain purchased 5,000 shares of Pretium Resources stock in a transaction dated Wednesday, February 14th. The shares were bought at an average cost of C$8.96 per share, with a total value of C$44,800.00. Also, Director Nicole Adshead-Bell purchased 5,700 shares of Pretium Resources stock in a transaction dated Wednesday, January 24th. The shares were purchased at an average cost of C$10.38 per share, for a total transaction of C$59,166.00.
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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