Pretium Resources (NYSE:PVG) (TSE:PVG) – Stock analysts at Cormark raised their Q1 2018 EPS estimates for shares of Pretium Resources in a research report issued on Monday, March 12th, according to Zacks Investment Research. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $0.07 for the quarter, up from their previous estimate of $0.06. Cormark also issued estimates for Pretium Resources’ Q2 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.27 EPS.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Credit Suisse Group downgraded shares of Pretium Resources from an “outperform” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Tuesday, January 23rd. CIBC downgraded shares of Pretium Resources from a “sector outperform” rating to a “neutral” rating in a report on Thursday, January 25th. ValuEngine downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, HC Wainwright reissued a “buy” rating and issued a $16.50 price target on shares of Pretium Resources in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.60.
PVG traded up $0.04 on Wednesday, hitting $6.75. The company’s stock had a trading volume of 1,977,445 shares, compared to its average volume of 1,940,564. The company has a current ratio of 0.23, a quick ratio of 0.17 and a debt-to-equity ratio of 0.44. Pretium Resources has a 12 month low of $6.17 and a 12 month high of $12.44. The company has a market cap of $1,223.84, a PE ratio of 67.50 and a beta of 0.07.
Several institutional investors have recently bought and sold shares of the company. Investment Centers of America Inc. raised its position in shares of Pretium Resources by 55.8% during the 3rd quarter. Investment Centers of America Inc. now owns 16,750 shares of the basic materials company’s stock valued at $155,000 after buying an additional 6,000 shares in the last quarter. Highbridge Capital Management LLC raised its position in shares of Pretium Resources by 54.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 19,100 shares of the basic materials company’s stock valued at $176,000 after buying an additional 6,700 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Pretium Resources during the 4th quarter valued at $124,000. Trexquant Investment LP purchased a new stake in shares of Pretium Resources during the 3rd quarter valued at $104,000. Finally, Global X Management Co. LLC raised its position in shares of Pretium Resources by 6.6% during the 4th quarter. Global X Management Co. LLC now owns 190,942 shares of the basic materials company’s stock valued at $2,185,000 after buying an additional 11,897 shares in the last quarter. Hedge funds and other institutional investors own 46.86% of the company’s stock.
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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 owns 100% interests in the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia; and the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northwestern British Columbia.
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