Shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) have been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $15.57.

A number of research firms have commented on PVG. Zacks Investment Research downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. ValuEngine raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. CIBC reaffirmed a “hold” rating and issued a $12.00 target price on shares of Pretium Resources in a research report on Monday, April 8th. HC Wainwright set a $17.00 target price on shares of Pretium Resources and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, B. Riley began coverage on shares of Pretium Resources in a research report on Friday, March 1st. They issued a “buy” rating and a $19.35 target price for the company.

Shares of PVG traded up $0.08 on Friday, hitting $8.11. 35,566 shares of the stock traded hands, compared to its average volume of 1,776,323. The company has a market capitalization of $1.50 billion, a P/E ratio of 14.97 and a beta of -0.38. The company has a quick ratio of 0.49, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Pretium Resources has a one year low of $6.53 and a one year high of $9.84.

Pretium Resources (NYSE:PVG) (TSE:PVG) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Pretium Resources had a net margin of 10.43% and a return on equity of 12.29%. The company had revenue of $103.10 million during the quarter, compared to the consensus estimate of $129.47 million. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that Pretium Resources will post 0.44 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Pretium Resources during the 4th quarter worth $29,000. Advisor Group Inc. boosted its stake in shares of Pretium Resources by 41.1% during the 4th quarter. Advisor Group Inc. now owns 6,665 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 1,940 shares during the last quarter. Bennicas & Associates Inc. purchased a new position in shares of Pretium Resources during the 4th quarter worth $112,000. Clean Yield Group purchased a new position in shares of Pretium Resources during the 1st quarter worth $137,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Pretium Resources during the 4th quarter worth $153,000. Institutional investors and hedge funds own 55.76% of the company’s stock.

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.

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Analyst Recommendations for Pretium Resources (NYSE:PVG)

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