New analyst coverage?
H.C. Wainwright initiated coverage on Pretium Resources with a buy rating and a 12-month price target of $11. According to Jeffrey Wright, Pretium’s Brucejack project is a textbook example of what a large-scale, high grade mine should look like. The timing is opportunistic to establish a position ahead of the revised feasibility study, he noted. Pretium also has the potential for a takeout given the very few, large-scale projects of low technical risk in North America.
from today https://www.kitco.com/ind/Holmes/2014-02-04-SWOT-Analysis-Gold-Futures-Tumble-as-Physical-Sales-in-China-Rise-Ahead-of-Chinese-New-Year.html