Canaccord Genuity Boosts Pretium Resources (TSE:PVG) Price Target to C$17.75

Pretium Resources (TSE:PVG) (NYSE:PVG) had its price objective boosted by Canaccord Genuity from C$17.50 to C$17.75 in a report published on Friday morning, BayStreet.CA reports.

A number of other brokerages have also weighed in on PVG. Royal Bank of Canada restated an underperform rating and set a GBX 215 ($2.81) target price on shares of in a research report on Wednesday, June 26th. Cormark upped their target price on shares of Pretium Resources from C$15.50 to C$16.00 in a research report on Friday, April 5th. Finally, CIBC restated a hold rating on shares of Sandstorm Gold in a research report on Monday, July 15th.

PVG opened at C$14.89 on Friday. The company has a market capitalization of $2.74 billion and a price-to-earnings ratio of 57.49. Pretium Resources has a 1-year low of C$8.59 and a 1-year high of C$15.04. The stock has a 50 day moving average price of C$13.03. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 69.41.

Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its earnings results on Thursday, May 2nd. The company reported C$0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.11 by C$0.01. The company had revenue of C$137.10 million for the quarter, compared to the consensus estimate of C$126.61 million. Equities research analysts expect that Pretium Resources will post 0.94 EPS for the current year.

In related news, Director Joseph J. Ovsenek sold 39,825 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$10.80, for a total transaction of C$430,098.05. Following the sale, the director now owns 130,575 shares of the company’s stock, valued at C$1,410,170.83.

About Pretium Resources

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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