Pretium Resources’ (PVG) Outperform Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Pretium Resources (TSE:PVG) (NYSE:PVG) in a report released on Thursday. They currently have a C$17.50 target price on the stock.

Separately, Canaccord Genuity lowered their price objective on shares of Pretium Resources from C$17.00 to C$16.00 in a research report on Thursday, October 18th.

PVG traded down C$0.28 on Thursday, reaching C$9.35. 1,604,929 shares of the company traded hands, compared to its average volume of 1,289,454. Pretium Resources has a 52-week low of C$7.93 and a 52-week high of C$14.50. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 88.21.

Pretium Resources (TSE:PVG) (NYSE:PVG) last announced its quarterly earnings data on Thursday, November 8th. The company reported C$0.18 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.11 by C$0.07. The company had revenue of C$143.84 million for the quarter, compared to analysts’ expectations of C$142.18 million. As a group, equities research analysts anticipate that Pretium Resources will post 0.829999973766463 earnings per share for the current year.

In other Pretium Resources news, Director Robert Allan Quartermain sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of C$9.80, for a total value of C$490,000.00. Also, Director Kenneth C. Mcnaughton sold 39,825 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of C$10.18, for a total transaction of C$405,418.50. Insiders sold 339,900 shares of company stock valued at $3,473,255 over the last three months.

Pretium Resources Company Profile

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.

See Also: 52-Week High/Low

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