Pretium Resources Inc (NYSE:PVG) (TSE:PVG) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 13,744 put options on the company. This represents an increase of 3,772% compared to the typical daily volume of 355 put options.
Several hedge funds have recently made changes to their positions in PVG. Private Advisor Group LLC purchased a new stake in shares of Pretium Resources during the 2nd quarter valued at approximately $108,000. Boenning & Scattergood Inc. purchased a new stake in shares of Pretium Resources during the 3rd quarter valued at approximately $119,000. Seven Eight Capital LP purchased a new stake in shares of Pretium Resources during the 3rd quarter valued at approximately $130,000. HM Payson & Co. lifted its stake in shares of Pretium Resources by 11.7% during the 3rd quarter. HM Payson & Co. now owns 17,200 shares of the basic materials company’s stock valued at $131,000 after buying an additional 1,800 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Pretium Resources during the 2nd quarter valued at approximately $177,000. Institutional investors own 55.00% of the company’s stock.
PVG opened at $7.10 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.30 and a current ratio of 0.33. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 14.22 and a beta of -0.04. Pretium Resources has a twelve month low of $6.17 and a twelve month high of $11.90.
Pretium Resources (NYSE:PVG) (TSE:PVG) last announced its quarterly earnings results on Thursday, November 8th. The basic materials company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. The company had revenue of $110.06 million for the quarter, compared to analysts’ expectations of $109.70 million. Pretium Resources had a net margin of 6.85% and a return on equity of 10.62%. As a group, research analysts anticipate that Pretium Resources will post 0.59 earnings per share for the current fiscal year. A number of research firms have weighed in on PVG. Zacks Investment Research cut shares of Pretium Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 16th. ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. HC Wainwright set a $15.00 target price on shares of Pretium Resources and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Citigroup dropped their target price on shares of Pretium Resources from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Pretium Resources presently has a consensus rating of “Hold” and an average target price of $11.44.
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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