Other analysts have also recently issued reports about the stock. BMO Capital Markets restated a buy rating on shares of Pretium Resources in a report on Monday, January 14th. HC Wainwright restated a buy rating and issued a $16.00 price target on shares of Pretium Resources in a report on Tuesday, December 18th. Canaccord Genuity restated a buy rating on shares of Pretium Resources in a report on Sunday, October 21st. Zacks Investment Research upgraded shares of Pretium Resources from a hold rating to a buy rating and set a $9.00 price target on the stock in a report on Wednesday, October 10th. Finally, Royal Bank of Canada restated a buy rating on shares of Pretium Resources in a report on Wednesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $12.44.
NYSE:PVG opened at $7.86 on Tuesday. Pretium Resources has a fifty-two week low of $6.17 and a fifty-two week high of $9.84. The stock has a market capitalization of $1.41 billion, a PE ratio of 78.60 and a beta of -0.31. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.16.
Pretium Resources (NYSE:PVG) (TSE:PVG) last released its quarterly earnings results on Thursday, November 8th. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Pretium Resources had a net margin of 6.85% and a return on equity of 10.62%. The business had revenue of $110.06 million for the quarter, compared to analysts’ expectations of $109.70 million. As a group, equities research analysts forecast that Pretium Resources will post 0.52 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Vermont acquired a new stake in Pretium Resources in the 4th quarter worth approximately $29,000. Bennicas & Associates Inc. acquired a new stake in Pretium Resources in the 4th quarter worth approximately $112,000. Boenning & Scattergood Inc. acquired a new stake in Pretium Resources in the 3rd quarter worth approximately $119,000. Seven Eight Capital LP acquired a new stake in Pretium Resources in the 3rd quarter worth approximately $130,000. Finally, HM Payson & Co. boosted its stake in Pretium Resources by 11.7% in the 3rd quarter. HM Payson & Co. now owns 17,200 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 53.91% of the company’s stock.
About Pretium Resources
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.