Pretium Resources Inc (TSE:PVG) (NYSE:PVG) – Cormark boosted their Q1 2018 earnings estimates for shares of Pretium Resources in a research note issued to investors on Monday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.09 per share for the quarter, up from their prior forecast of $0.08. Cormark also issued estimates for Pretium Resources’ Q2 2018 earnings at $0.19 EPS and Q4 2018 earnings at $0.35 EPS.
Several other brokerages also recently weighed in on PVG. Royal Bank of Canada reduced their price objective on shares of Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. CIBC downgraded shares of Pretium Resources from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$18.00 to C$14.50 in a research report on Thursday, January 25th. Finally, Scotiabank downgraded shares of Pretium Resources from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$19.00 to C$17.75 in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$16.50.
In other Pretium Resources news, Director Nicole Adshead-Bell purchased 5,700 shares of Pretium Resources stock in a transaction that occurred on Wednesday, January 24th. The stock was purchased at an average price of C$10.38 per share, for a total transaction of C$59,166.00. Also, Director Robert Allan Quartermain purchased 5,000 shares of Pretium Resources stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average price of C$8.96 per share, with a total value of C$44,800.00.
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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