Pretium Resources (PVG) Trading Up -26.5%
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) was up 26.5% on Wednesday . The company traded as high as C$11.47 and last traded at C$9.87. Approximately 4,920,451 shares were traded during trading, an increase of 600% from the average daily volume of 702,846 shares. The stock had previously closed at C$13.42.
PVG has been the topic of several research reports. Numis Securities reissued a “buy” rating and set a C$22.00 price objective on shares of Pretium Resources in a research note on Thursday, October 12th. Royal Bank of Canada dropped their price objective on shares of Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. CIBC boosted their price objective on shares of Pretium Resources from C$15.75 to C$18.00 and gave the stock an “outperform” rating in a research note on Friday, October 13th. Finally, Scotiabank raised shares of Pretium Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$16.50 to C$17.00 in a research note on Thursday, October 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$18.13.
The firm has a market cap of $1,870.00, a P/E ratio of -65.80 and a beta of -0.11.
In other news, Director Christopher Noel Dunn sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of C$14.71, for a total value of C$588,400.00.
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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.
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