HC Wainwright restated their buy rating on shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) in a report released on Thursday. They currently have a $16.50 price target on the basic materials company’s stock.
“Analyst Visit; New Mine Is Going Strong; Maintain Buy Stock Data 08/16/2017 Price $8.28 Exchange NYSE Price Target $16.50 52-Week High $12.53 52-Week Low $6.82 Enterprise Value (M) $2,135.8 Market Cap (M) $1,501 Public Market Float (M) 179.7 Shares Outstanding (M) 181.3 3 Month Avg Volume 1,430,590 Short Interest (M) 12.28 Balance Sheet Metrics Cash (M) $55.31 Total Debt (M) $689.88 Total Cash/Share $0.31 General: all figures in US$ unless otherwise noted. EPS Diluted Full Year – Dec 2016A 2017E 2018E FY (0.35) 0.04 0.49 Revenue ($M) Full Year – Dec 2016A 2017E 2018E FY 0.0 145.7 472.4 14 12 10 8 6 AUG- 16 DEC- 16 APR- 17 AUG- 17 12 10 8 6 4 2 0 Vol. (mil) Price Continuing coverage under the name H.C. Wainwright & Co. with a Buy rating. Effective August 14, 2017, research in the above titled name will now be published under H.C. Wainwright & Co. and no longer distributed in conjunction with ‘Rodman & Renshaw, a unit of H.C.”,” the firm’s analyst wrote.
PVG has been the topic of several other reports. Zacks Investment Research raised Pretium Resources from a sell rating to a hold rating in a research report on Saturday, August 12th. ValuEngine downgraded Pretium Resources from a hold rating to a sell rating in a research report on Tuesday, June 20th. BidaskClub raised Pretium Resources from a hold rating to a buy rating in a research report on Monday, July 24th. Credit Suisse Group set a $13.00 target price on Pretium Resources and gave the company a buy rating in a research report on Friday, August 11th. Finally, Citigroup Inc. reissued a buy rating and issued a $13.00 target price on shares of Pretium Resources in a research report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Pretium Resources has a consensus rating of Hold and a consensus target price of $14.93.
Shares of Pretium Resources (NYSE PVG) opened at 8.57 on Thursday. The company’s market cap is $1.55 billion. Pretium Resources has a one year low of $6.82 and a one year high of $12.53. The company has a 50 day moving average price of $9.28 and a 200 day moving average price of $9.88.
A number of large investors have recently made changes to their positions in the company. World Asset Management Inc bought a new stake in shares of Pretium Resources during the second quarter valued at $102,000. Investment Centers of America Inc. bought a new stake in shares of Pretium Resources during the second quarter valued at $103,000. HM Payson & Co. bought a new stake in shares of Pretium Resources during the second quarter valued at $106,000. Bank of New York Mellon Corp bought a new stake in shares of Pretium Resources during the first quarter valued at $108,000. Finally, Timber Hill LLC bought a new stake in shares of Pretium Resources during the first quarter valued at $117,000. 47.52% of the stock is currently owned by institutional investors.
About Pretium Resources
Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.
