Pretium Resources (TSE:PVG) PT Lowered to C$18.00

Pretium Resources (TSE:PVG) (NYSE:PVG) had its price target cut by Royal Bank of Canada from C$19.00 to C$18.00 in a research note issued to investors on Friday, January 19th. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 102.47% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. CIBC boosted their price target on shares of Pretium Resources from C$15.75 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Scotiabank upgraded shares of Pretium Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$16.50 to C$17.00 in a research report on Thursday, October 12th. Finally, Numis Securities reiterated a “buy” rating and issued a C$22.00 price target on shares of Pretium Resources in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pretium Resources has an average rating of “Buy” and an average target price of C$16.88.

Shares of Pretium Resources (TSE:PVG) traded up C$0.40 during midday trading on Friday, hitting C$8.89. 843,080 shares of the company were exchanged, compared to its average volume of 940,133. Pretium Resources has a fifty-two week low of C$8.03 and a fifty-two week high of C$15.52. The company has a market capitalization of $1,550.00, a PE ratio of -55.56 and a beta of -0.38.

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

In related news, Director Nicole Adshead-Bell purchased 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were purchased at an average price of C$10.38 per share, with a total value of C$59,166.00. Also, Director Christopher Noel Dunn sold 40,000 shares of Pretium Resources stock in a transaction dated 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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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.

Analyst Recommendations for Pretium Resources (TSE:PVG)

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