Pretium Resources (TSE:PVG) (NYSE:PVG) – Research analysts at Cormark boosted their Q1 2018 earnings estimates for Pretium Resources in a research report issued to clients and investors on Thursday, April 12th. Cormark analyst R. Gray now anticipates that the company will earn $0.11 per share for the quarter, up from their previous estimate of $0.09. Cormark also issued estimates for Pretium Resources’ Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $0.79 EPS, Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.96 EPS.
Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its quarterly earnings data on Thursday, March 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.01 by C$0.08. Pretium Resources had a negative return on equity of 3.31% and a negative net margin of 9.84%. The business had revenue of C$135.97 million during the quarter, compared to analyst estimates of C$111.78 million.
PVG has been the topic of several other research reports. Royal Bank of Canada cut their target price on Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Scotiabank cut Pretium Resources from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$19.00 to C$17.75 in a research note on Wednesday, January 24th. Finally, CIBC cut Pretium Resources from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$18.00 to C$14.50 in a research note on Thursday, January 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$17.10.
Shares of PVG opened at C$9.04 on Friday. Pretium Resources has a 52-week low of C$6.17 and a 52-week high of C$12.44.
In related news, Director Nicole Adshead-Bell acquired 5,700 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were bought at an average price of C$10.38 per share, for a total transaction of C$59,166.00. Also, Director Robert Allan Quartermain acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were bought at an average price of C$8.96 per share, for a total transaction of C$44,800.00.
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Pretium Resources Company Profile
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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