Pretium Resources (PVG) Price Target Cut to C$17.50
Pretium Resources (TSE:PVG) (NYSE:PVG) had its target price reduced by Cormark from C$19.00 to C$17.50 in a research report report published on Friday morning. Cormark also issued estimates for Pretium Resources’ FY2018 earnings at $0.74 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.22 EPS, Q1 2020 earnings at $0.29 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.29 EPS and Q4 2020 earnings at $0.29 EPS.
Other research analysts also recently issued reports about the company. Canaccord Genuity decreased their price target on Pretium Resources from C$17.00 to C$16.00 in a report on Thursday, October 18th. BMO Capital Markets reissued an outperform rating and issued a C$17.50 price target on shares of Pretium Resources in a report on Thursday.
Shares of Pretium Resources stock traded down C$0.32 on Friday, reaching C$9.31. 1,787,700 shares of the stock were exchanged, compared to its average volume of 1,310,751. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 88.21. Pretium Resources has a twelve month low of C$7.93 and a twelve month high of C$14.50.
In other news, Director Kenneth C. Mcnaughton sold 39,825 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of C$10.18, for a total value of C$405,418.50. Also, Director Robert Allan Quartermain sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of C$9.80, for a total value of C$490,000.00. Insiders sold 339,900 shares of company stock valued at $3,473,255 over the last three months.
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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