Pretium Resources (NYSE:PVG) (TSE:PVG) had its price target boosted by B. Riley from $22.60 to $25.40 in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other brokerages have also recently weighed in on PVG. Canaccord Genuity reaffirmed an average rating and issued a $17.75 target price on shares of Pretium Resources in a report on Friday, July 19th. BMO Capital Markets set a $24.00 target price on shares of Pretium Resources and gave the company a buy rating in a report on Friday, September 6th. ValuEngine raised shares of Pretium Resources from a hold rating to a buy rating in a report on Saturday, June 1st. Royal Bank of Canada restated a buy rating on shares of Pretium Resources in a research report on Monday, August 26th. Finally, HC Wainwright raised their target price on shares of Pretium Resources from $16.50 to $22.00 and gave the stock a buy rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $18.16.
NYSE PVG traded up $0.05 during trading hours on Monday, reaching $11.72. The company had a trading volume of 129,198 shares, compared to its average volume of 2,041,436. The stock has a 50-day moving average of $12.48 and a 200 day moving average of $9.73. Pretium Resources has a 1-year low of $6.65 and a 1-year high of $13.83. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $2.19 billion, a P/E ratio of 21.70 and a beta of -0.50.
Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The business had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $143.99 million. Pretium Resources had a net margin of 6.48% and a return on equity of 8.83%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts predict that Pretium Resources will post 0.7 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. grew its holdings in shares of Pretium Resources by 12.8% during the 2nd quarter. Advisor Group Inc. now owns 13,995 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 1,583 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Pretium Resources by 2.2% during the 2nd quarter. CIBC Asset Management Inc now owns 159,573 shares of the basic materials company’s stock worth $1,595,000 after purchasing an additional 3,385 shares during the period. Clean Yield Group grew its holdings in shares of Pretium Resources by 22.5% during the 2nd quarter. Clean Yield Group now owns 19,600 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 3,600 shares during the period. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Pretium Resources by 8.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 67,000 shares of the basic materials company’s stock worth $572,000 after purchasing an additional 5,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pretium Resources by 84.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,241 shares of the basic materials company’s stock worth $143,000 after purchasing an additional 6,512 shares during the period. Institutional investors own 51.48% 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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