Pretium Resources (PVG) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Pretium Resources (NYSE:PVG) (TSE:PVG) released its quarterly earnings results on Thursday. The basic materials company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.04, Fidelity Earnings reports. Pretium Resources had a return on equity of 8.67% and a net margin of 3.22%. The company had revenue of $110.06 million for the quarter, compared to analyst estimates of $109.70 million.

NYSE:PVG traded up $0.26 during trading hours on Friday, reaching $7.54. 2,513,980 shares of the company traded hands, compared to its average volume of 1,806,672. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 75.40 and a beta of 0.25. Pretium Resources has a 1 year low of $6.17 and a 1 year high of $11.90. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.42.

PVG has been the topic of several research reports. ValuEngine lowered Pretium Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Zacks Investment Research upgraded Pretium Resources from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Tuesday, July 17th. HC Wainwright set a $15.00 price target on Pretium Resources and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Citigroup dropped their price target on Pretium Resources from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Pretium Resources currently has an average rating of “Buy” and an average target price of $12.55.

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About Pretium Resources

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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Earnings History for Pretium Resources (NYSE:PVG)

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