Wall Street brokerages expect Pretium Resources Inc (NYSE:PVG) (TSE:PVG) to announce $134.75 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Pretium Resources’ earnings. The lowest sales estimate is $133.90 million and the highest is $135.60 million. Pretium Resources posted sales of $108.60 million in the same quarter last year, which suggests a positive year over year growth rate of 24.1%. The company is scheduled to report its next quarterly earnings report on Thursday, February 13th.
According to Zacks, analysts expect that Pretium Resources will report full-year sales of $497.05 million for the current fiscal year, with estimates ranging from $482.95 million to $523.60 million. For the next year, analysts forecast that the firm will report sales of $710.65 million, with estimates ranging from $676.30 million to $765.46 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Pretium Resources.
PVG has been the subject of a number of research analyst reports. B. Riley lifted their price target on shares of Pretium Resources from $24.80 to $26.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, January 15th. HC Wainwright restated a “buy” rating and issued a $20.50 price target on shares of Pretium Resources in a research note on Friday, November 1st. Royal Bank of Canada lowered shares of Pretium Resources from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $20.00 to $16.00 in a research note on Friday, November 1st. Finally, ValuEngine lowered shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.36.
A number of hedge funds have recently added to or reduced their stakes in PVG. Usca Ria LLC bought a new stake in Pretium Resources during the third quarter valued at $46,000. Steward Partners Investment Advisory LLC bought a new stake in Pretium Resources during the third quarter valued at $47,000. NEXT Financial Group Inc bought a new stake in Pretium Resources during the third quarter valued at $176,000. Bennicas & Associates Inc. increased its stake in Pretium Resources by 22.7% during the fourth quarter. Bennicas & Associates Inc. now owns 16,200 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 3,000 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in Pretium Resources during the second quarter valued at $194,000. Hedge funds and other institutional investors own 52.20% of the company’s stock.
Shares of NYSE:PVG opened at $9.80 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.23 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $11.21. The firm has a market cap of $1.88 billion, a PE ratio of 81.67 and a beta of -0.57. Pretium Resources has a 12-month low of $6.80 and a 12-month high of $13.83.
Pretium Resources Company Profile
Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.