PVG has been the topic of several other reports. Zacks Investment Research lowered Pretium Resources from a strong-buy rating to a hold rating in a report on Thursday, August 16th. Canaccord Genuity reiterated a buy rating on shares of Pretium Resources in a report on Sunday, October 21st. HC Wainwright set a $15.00 price target on Pretium Resources and gave the company a buy rating in a report on Wednesday, October 10th. Finally, Citigroup cut their price target on Pretium Resources from $13.00 to $12.00 and set a buy rating on the stock in a report on Wednesday, August 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Pretium Resources presently has a consensus rating of Buy and an average price target of $12.60.
Shares of NYSE:PVG traded up $0.13 during midday trading on Thursday, hitting $8.13. The company had a trading volume of 1,950,540 shares, compared to its average volume of 2,219,038. Pretium Resources has a 12 month low of $6.17 and a 12 month high of $11.90. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.48 billion, a P/E ratio of 81.30 and a beta of -0.12.
Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its earnings results on Thursday, August 9th. The basic materials company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.08. The firm had revenue of $146.48 million for the quarter, compared to analyst estimates of $141.20 million. Pretium Resources had a return on equity of 8.67% and a net margin of 3.22%. As a group, equities research analysts expect that Pretium Resources will post 0.56 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Global X Management Co LLC lifted its holdings in shares of Pretium Resources by 24.4% in the second quarter. Global X Management Co LLC now owns 226,467 shares of the basic materials company’s stock valued at $1,665,000 after purchasing an additional 44,357 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Pretium Resources by 14.8% in the second quarter. Van ECK Associates Corp now owns 22,825,820 shares of the basic materials company’s stock valued at $167,542,000 after acquiring an additional 2,937,669 shares during the last quarter. Swiss National Bank increased its position in shares of Pretium Resources by 10.2% in the second quarter. Swiss National Bank now owns 295,848 shares of the basic materials company’s stock valued at $2,169,000 after acquiring an additional 27,500 shares during the last quarter. Letko Brosseau & Associates Inc. increased its position in shares of Pretium Resources by 80.1% in the second quarter. Letko Brosseau & Associates Inc. now owns 8,606,900 shares of the basic materials company’s stock valued at $63,270,000 after acquiring an additional 3,827,450 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Pretium Resources by 7.1% in the second quarter. Toronto Dominion Bank now owns 309,365 shares of the basic materials company’s stock valued at $2,277,000 after acquiring an additional 20,621 shares during the last quarter. Institutional investors own 53.12% of the company’s stock.
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.
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