Pretium Resources (TSE:PVG) Lowered to Hold at Canaccord Genuity

Canaccord Genuity lowered shares of Pretium Resources (TSE:PVG) (NYSE:PVG) from a speculative buy rating to a hold rating in a research note released on Thursday, BayStreet.CA reports. They currently have C$12.50 price objective on the stock, down from their previous price objective of C$18.50.

PVG has been the topic of a number of other reports. Royal Bank of Canada downgraded shares of Pretium Resources from an outperform rating to a sector perform rating and dropped their price target for the stock from C$20.00 to C$16.00 in a research note on Friday, November 1st. Roth Capital reaffirmed a buy rating on shares of Pretium Resources in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of C$14.59.

TSE PVG remained flat at $C$9.83 during trading on Thursday. The company’s stock had a trading volume of 1,155,218 shares, compared to its average volume of 642,924. Pretium Resources has a 12-month low of C$9.03 and a 12-month high of C$18.30. The company has a market capitalization of $2.41 billion and a price-to-earnings ratio of 81.92. The company has a quick ratio of 0.21, a current ratio of 0.38 and a debt-to-equity ratio of 54.95. The stock has a fifty day moving average price of C$13.80 and a two-hundred day moving average price of C$14.71.

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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Analyst Recommendations for Pretium Resources (TSE:PVG)

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