Pretium Resources (TSE:PVG) Stock Price Crosses Above Two Hundred Day Moving Average of $12.91
Shares of Pretium Resources Inc (TSE:PVG) (NYSE:PVG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.91 and traded as high as $15.75. Pretium Resources shares last traded at $15.49, with a volume of 261,024 shares trading hands.
PVG has been the topic of several research reports. CIBC upped their price objective on shares of Pretium Resources from C$12.00 to C$15.50 in a report on Monday, July 15th. Canaccord Genuity lifted their price objective on shares of Pretium Resources from C$17.50 to C$17.75 in a report on Friday, July 19th. Royal Bank of Canada lifted their price objective on shares of Pretium Resources from C$12.00 to C$14.00 in a report on Wednesday, June 26th. Finally, HC Wainwright reissued a “buy” rating on shares of Pretium Resources in a research report on Monday, August 19th.
The stock has a market capitalization of $2.85 billion and a PE ratio of 102.53. The firm has a 50 day moving average price of C$16.51 and a 200 day moving average price of C$12.91. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 63.92.
In other Pretium Resources news, Director George Nickolas Paspalas sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$17.95, for a total value of C$897,500.00. Following the completion of the sale, the director now directly owns 37,646 shares of the company’s stock, valued at approximately C$675,745.70. Also, Senior Officer Tom Yip sold 18,100 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$17.05, for a total transaction of C$308,605.00. Following the completion of the sale, the insider now owns 55,000 shares of the company’s stock, valued at approximately C$937,750. Insiders sold a total of 428,100 shares of company stock valued at $7,385,624 over the last three months.
Pretium Resources Company Profile (TSE:PVG)
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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