Brokerages Set Pretium Resources Inc (PVG) PT at $16.88

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) has received a consensus rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$16.88.

Several analysts have commented on the company. Royal Bank of Canada reduced their price objective on Pretium Resources from C$18.00 to C$14.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. CIBC downgraded Pretium Resources from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$18.00 to C$14.50 in a research note on Thursday, January 25th. Finally, Scotiabank downgraded Pretium Resources from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$19.00 to C$17.75 in a research note on Wednesday, January 24th.

Pretium Resources (TSE:PVG) traded down C$0.13 on Tuesday, reaching C$8.76. The company’s stock had a trading volume of 444,300 shares, compared to its average volume of 886,846. The stock has a market cap of $1,600.00, a P/E ratio of -58.40 and a beta of -0.38. Pretium Resources has a 12-month low of C$8.03 and a 12-month high of C$15.52.

In other news, Director Christopher Noel Dunn sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of C$14.71, for a total transaction of C$588,400.00. Also, Director Robert Allan Quartermain bought 5,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were acquired at an average cost of C$8.96 per share, with a total value of C$44,800.00.

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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.

Analyst Recommendations for Pretium Resources (TSE:PVG)

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