Pretium Resources Inc (PVG) Director Acquires C$44,800.00 in Stock

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) Director Robert Allan Quartermain acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average cost of C$8.96 per share, for a total transaction of C$44,800.00.

Shares of Pretium Resources Inc (TSE PVG) traded up C$0.35 during midday trading on Wednesday, hitting C$8.97. 696,909 shares of the stock were exchanged, compared to its average volume of 917,330. The stock has a market cap of $1,560.00, a P/E ratio of -56.06 and a beta of -0.38. Pretium Resources Inc has a 12-month low of C$8.03 and a 12-month high of C$15.52.

Several brokerages recently commented on PVG. Royal Bank of Canada cut their price objective on shares of Pretium Resources from C$18.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. CIBC downgraded shares of Pretium Resources from an “outperform” rating to a “neutral” rating and cut their price objective for the company 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 cut their price objective for the company from C$19.00 to C$17.75 in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$16.88.

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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.

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