Brokerages Expect Pretium Resources Inc (NYSE:PVG) Will Announce Earnings of $0.11 Per Share

Equities research analysts predict that Pretium Resources Inc (NYSE:PVG) (TSE:PVG) will post $0.11 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Pretium Resources’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.08. Pretium Resources also reported earnings per share of $0.11 in the same quarter last year. The company is expected to issue its next earnings report on Thursday, February 13th.

On average, analysts expect that Pretium Resources will report full-year earnings of $0.48 per share for the current financial year. For the next financial year, analysts anticipate that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.66 to $1.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Pretium Resources.

Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). Pretium Resources had a return on equity of 9.57% and a net margin of 5.18%. The business had revenue of $132.74 million during the quarter, compared to analyst estimates of $165.97 million.

Several equities research analysts have weighed in on PVG shares. ValuEngine raised Pretium Resources from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Citigroup upped their price objective on shares of Pretium Resources from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Zacks Investment Research downgraded shares of Pretium Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. B. Riley decreased their price objective on shares of Pretium Resources from $25.40 to $23.40 and set a “buy” rating for the company in a research report on Monday, October 21st. Finally, HC Wainwright reiterated a “buy” rating and issued a $20.50 target price on shares of Pretium Resources in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pretium Resources currently has a consensus rating of “Hold” and an average price target of $17.18.

NYSE:PVG traded down $0.22 during mid-day trading on Friday, hitting $10.13. 850,704 shares of the company’s stock traded hands, compared to its average volume of 1,418,659. The company has a fifty day moving average of $10.23 and a 200 day moving average of $10.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.23 and a current ratio of 0.38. Pretium Resources has a twelve month low of $6.65 and a twelve month high of $13.83. The company has a market capitalization of $1.92 billion, a P/E ratio of 18.76 and a beta of -0.68.

Institutional investors and hedge funds have recently modified their holdings of the business. Usca Ria LLC purchased a new stake in Pretium Resources during the 3rd quarter valued at about $46,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Pretium Resources in the third quarter worth about $47,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Pretium Resources in the second quarter worth about $110,000. IHT Wealth Management LLC acquired a new stake in shares of Pretium Resources during the second quarter worth about $119,000. Finally, Advisor Group Inc. lifted its holdings in shares of Pretium Resources by 12.8% during the second 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. 52.27% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Pretium Resources (NYSE:PVG)

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