Pretium Resources Inc (NYSE:PVG) (TSE:PVG) has received an average rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.89.

Several research analysts have recently issued reports on PVG shares. Zacks Investment Research raised shares of Pretium Resources from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Thursday, August 8th. B. Riley set a $23.00 target price on shares of Pretium Resources and gave the company a “buy” rating in a research note on Tuesday, June 25th. HC Wainwright raised their target price on shares of Pretium Resources from $16.50 to $22.00 and gave the company a “buy” rating in a research note on Monday. ValuEngine raised shares of Pretium Resources from a “hold” rating to a “buy” rating in a research note on Saturday, June 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Pretium Resources in a research note on Wednesday, June 26th.

Shares of NYSE PVG traded down $0.03 during mid-day trading on Friday, hitting $12.51. The company’s stock had a trading volume of 36,537 shares, compared to its average volume of 2,642,952. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 23.20 and a beta of -0.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.63 and a quick ratio of 0.44. Pretium Resources has a one year low of $6.53 and a one year high of $13.50. The company’s fifty day simple moving average is $11.46 and its 200-day simple moving average is $9.14.

Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $113.20 million for the quarter, compared to analyst estimates of $143.99 million. Pretium Resources had a net margin of 6.48% and a return on equity of 8.83%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that Pretium Resources will post 0.65 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its stake in Pretium Resources by 12.8% during the 2nd quarter. Advisor Group Inc. now owns 13,995 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 1,583 shares during the last quarter. Legal & General Group Plc raised its holdings in Pretium Resources by 4.2% during the 4th quarter. Legal & General Group Plc now owns 39,954 shares of the basic materials company’s stock worth $338,000 after buying an additional 1,607 shares during the period. CIBC Asset Management Inc raised its holdings in Pretium Resources by 2.2% during the 2nd quarter. CIBC Asset Management Inc now owns 159,573 shares of the basic materials company’s stock worth $1,595,000 after buying an additional 3,385 shares during the period. Clean Yield Group raised its holdings in Pretium Resources by 22.5% during the 2nd quarter. Clean Yield Group now owns 19,600 shares of the basic materials company’s stock worth $196,000 after buying an additional 3,600 shares during the period. Finally, Midas Management Corp raised its holdings in Pretium Resources by 11.1% during the 1st quarter. Midas Management Corp now owns 50,000 shares of the basic materials company’s stock worth $428,000 after buying an additional 5,000 shares during the period. 50.27% of the stock is currently owned by institutional investors and hedge funds.

About Pretium Resources

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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