Pretium Resources Inc (NYSE:PVG) (TSE:PVG) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 16,816,362 shares, an increase of 32.8% from the January 12th total of 12,663,412 shares. Approximately 9.9% of the company’s stock are sold short. Based on an average daily trading volume, of 5,343,312 shares, the days-to-cover ratio is currently 3.1 days.

Pretium Resources (PVG) opened at $7.05 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $1,230.00, a P/E ratio of -35.25 and a beta of -0.01. Pretium Resources has a fifty-two week low of $6.47 and a fifty-two week high of $12.44.

Pretium Resources (NYSE:PVG) (TSE:PVG) last announced its quarterly earnings results on Friday, November 10th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.09). The company had revenue of $70.88 million during the quarter, compared to analysts’ expectations of $106.50 million. equities analysts anticipate that Pretium Resources will post -0.04 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp acquired a new position in Pretium Resources in the fourth quarter valued at approximately $124,000. Trexquant Investment LP acquired a new position in Pretium Resources in the third quarter valued at approximately $104,000. FNY Partners Fund LP acquired a new position in Pretium Resources in the fourth quarter valued at approximately $136,000. Commerzbank Aktiengesellschaft FI acquired a new position in Pretium Resources in the third quarter valued at approximately $140,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Pretium Resources in the second quarter valued at approximately $152,000. 49.02% of the stock is owned by hedge funds and other institutional investors.

PVG has been the subject of a number of analyst reports. Zacks Investment Research downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. CIBC downgraded Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, January 25th. Credit Suisse Group downgraded Pretium Resources from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Tuesday, January 23rd. HC Wainwright reissued a “buy” rating and set a $16.50 price objective on shares of Pretium Resources in a research report on Monday, November 13th. Finally, Roth Capital set a $17.00 price objective on Pretium Resources and gave the stock a “buy” rating in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Pretium Resources presently has a consensus rating of “Hold” and a consensus price target of $14.33.

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Pretium Resources Company Profile

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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