Shares of Pretium Resources Inc. (TSE:PVG) (NYSE:PVG) have been given an average recommendation of “Hold” by the eight analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$16.93.
PVG has been the subject of a number of recent research reports. CIBC reaffirmed a “neutral” rating and set a C$14.50 price target on shares of Pretium Resources in a research report on Monday, August 16th. Scotiabank increased their price objective on Pretium Resources from C$13.50 to C$18.50 in a report on Tuesday, November 9th. HC Wainwright reissued a “buy” rating and issued a C$16.00 price objective on shares of Pretium Resources in a report on Wednesday, November 10th. National Bank Financial increased their price objective on Pretium Resources from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Friday, September 10th. Finally, Canaccord Genuity downgraded Pretium Resources to a “hold” rating and set a C$18.50 price objective for the company. in a report on Monday, November 15th.
In related news, Director David Smith sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of C$13.02, for a total value of C$26,040.00. Following the transaction, the director now owns 23,501 shares in the company, valued at C$305,983.02.
Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its earnings results on Thursday, November 11th. The company reported C$0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.16. The business had revenue of C$184.88 million for the quarter. Research analysts predict that Pretium Resources will post 1.0599999 earnings per share for the current fiscal year.
About Pretium Resources
Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interests in the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,306 hectares located in northwestern British Columbia.
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