Several other research firms have also recently commented on PVG. Canaccord Genuity reiterated a buy rating on shares of Pretium Resources in a research note on Sunday, October 21st. HC Wainwright set a $15.00 target price on shares of Pretium Resources and gave the company a buy rating in a research note on Friday, November 9th. ValuEngine upgraded shares of Pretium Resources from a sell rating to a hold rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research cut shares of Pretium Resources from a hold rating to a sell rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $11.95.
NYSE:PVG traded down $0.30 during trading hours on Thursday, hitting $7.00. 5,828,614 shares of the company traded hands, compared to its average volume of 3,341,814. The stock has a market cap of $1.44 billion, a P/E ratio of 70.00 and a beta of -0.31. Pretium Resources has a twelve month low of $6.17 and a twelve month high of $11.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.33 and a quick ratio of 0.30.
Pretium Resources (NYSE:PVG) (TSE:PVG) last released its earnings results on Thursday, November 8th. The basic materials company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.04. The firm had revenue of $110.06 million during the quarter, compared to analysts’ expectations of $109.70 million. Pretium Resources had a net margin of 6.85% and a return on equity of 10.62%. As a group, equities research analysts anticipate that Pretium Resources will post 0.63 EPS for the current year.
A number of hedge funds have recently made changes to their positions in PVG. JPMorgan Chase & Co. acquired a new stake in Pretium Resources during the 3rd quarter worth approximately $41,137,000. Letko Brosseau & Associates Inc. grew its stake in shares of Pretium Resources by 50.1% in the third quarter. Letko Brosseau & Associates Inc. now owns 12,917,800 shares of the basic materials company’s stock valued at $98,138,000 after buying an additional 4,310,900 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Pretium Resources by 17.3% in the third quarter. Bank of Montreal Can now owns 8,232,651 shares of the basic materials company’s stock valued at $62,650,000 after buying an additional 1,214,100 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Pretium Resources by 103.8% in the second quarter. Janus Henderson Group PLC now owns 1,084,633 shares of the basic materials company’s stock valued at $7,973,000 after buying an additional 552,400 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Pretium Resources in the third quarter valued at $3,460,000. Hedge funds and other institutional investors own 54.95% of the company’s stock.
About Pretium Resources
Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.
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