Equities research analysts expect that Pretium Resources Inc (NYSE:PVG) (TSE:PVG) will post earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Pretium Resources’ earnings. Pretium Resources reported earnings of $0.09 per share in the same quarter last year, which would suggest a positive year over year growth rate of 155.6%. The business is scheduled to announce its next earnings results on Thursday, May 7th.

According to Zacks, analysts expect that Pretium Resources will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.66 to $1.17. For the next financial year, analysts expect that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $1.37 to $1.41. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Pretium Resources.

Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The business had revenue of $135.50 million for the quarter, compared to analysts’ expectations of $173.18 million. Pretium Resources had a return on equity of 9.57% and a net margin of 5.18%. During the same period in the prior year, the firm earned $0.11 EPS.

Several analysts have recently issued reports on the company. B. Riley decreased their price objective on Pretium Resources from $26.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday. Roth Capital cut Pretium Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $15.00 to $8.00 in a report on Wednesday. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, January 15th. Canaccord Genuity cut Pretium Resources from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $18.50 to $12.50 in a report on Wednesday. Finally, Royal Bank of Canada cut Pretium Resources from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $20.00 to $16.00 in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.35.

Shares of PVG traded down $0.04 during mid-day trading on Friday, hitting $7.41. 3,832,100 shares of the stock were exchanged, compared to its average volume of 1,952,732. The company has a market cap of $1.38 billion, a PE ratio of 61.76 and a beta of -0.57. Pretium Resources has a 52-week low of $6.80 and a 52-week high of $13.83. The firm has a 50-day moving average of $10.45 and a two-hundred day moving average of $11.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.23 and a current ratio of 0.38.

A number of large investors have recently added to or reduced their stakes in the stock. Usca Ria LLC bought a new position in Pretium Resources in the 3rd quarter valued at $46,000. Steward Partners Investment Advisory LLC bought a new position in Pretium Resources in the 3rd quarter valued at $47,000. Banque Cantonale Vaudoise bought a new position in Pretium Resources in the 4th quarter valued at $99,000. NEXT Financial Group Inc bought a new position in Pretium Resources in the 3rd quarter valued at $176,000. Finally, Bennicas & Associates Inc. grew its position in Pretium Resources by 22.7% in the 4th quarter. Bennicas & Associates Inc. now owns 16,200 shares of the basic materials company’s stock valued at $180,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 52.20% of the company’s stock.

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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Earnings History and Estimates for Pretium Resources (NYSE:PVG)

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