Shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) have been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.97.
PVG has been the topic of a number of recent analyst reports. B. Riley raised their target price on shares of Pretium Resources from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Scotiabank increased their price target on shares of Pretium Resources from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Monday, July 20th. Zacks Investment Research cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Wednesday, July 15th. Citigroup cut their target price on shares of Pretium Resources from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, ValuEngine upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a report on Thursday, July 9th.
Shares of PVG opened at $9.47 on Friday. The firm’s 50 day simple moving average is $8.66 and its 200 day simple moving average is $8.34. The company has a market capitalization of $1.76 billion, a P/E ratio of 41.17 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.64 and a quick ratio of 0.43. Pretium Resources has a 1-year low of $4.05 and a 1-year high of $13.83.
Pretium Resources (NYSE:PVG) (TSE:PVG) last announced its earnings results on Thursday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $126.56 million for the quarter, compared to the consensus estimate of $133.86 million. Pretium Resources had a net margin of 8.46% and a return on equity of 11.67%. On average, equities analysts anticipate that Pretium Resources will post 0.77 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. bought a new stake in Pretium Resources in the second quarter valued at $202,000. UBS Group AG lifted its position in Pretium Resources by 32.4% during the second quarter. UBS Group AG now owns 24,665 shares of the basic materials company’s stock valued at $207,000 after buying an additional 6,037 shares during the period. ARP Americas LP purchased a new position in Pretium Resources during the second quarter valued at $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Pretium Resources by 21.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,230 shares of the basic materials company’s stock valued at $145,000 after buying an additional 2,989 shares during the period. Finally, XTX Markets LLC purchased a new position in Pretium Resources during the second quarter valued at $177,000. Institutional investors and hedge funds own 51.39% of the company’s stock.
Pretium Resources Company Profile
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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