Recent Investment Analysts’ Ratings Changes for Pretium Resources (PVG)

Several brokerages have updated their recommendations and price targets on shares of Pretium Resources (NYSE: PVG) in the last few weeks:

  • 9/12/2019 – Pretium Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “Pretium Resources Inc. is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company owns the Snowfield and Brucejack Projects located in Northwest British Columbia, Canada. Its mineral interests consist of gold/copper/silver exploration projects. Pretium Resources Inc. is headquartered in Vancouver, Canada. “
  • 9/11/2019 – Pretium Resources had its price target raised by analysts at Citigroup Inc from $10.00 to $13.00. They now have a “neutral” rating on the stock.
  • 9/9/2019 – Pretium Resources had its price target raised by analysts at B. Riley from $22.60 to $25.40. They now have a “buy” rating on the stock.
  • 9/6/2019 – Pretium Resources was given a new $24.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 8/27/2019 – Pretium Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pretium Resources Inc. is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company owns the Snowfield and Brucejack Projects located in Northwest British Columbia, Canada. Its mineral interests consist of gold/copper/silver exploration projects. Pretium Resources Inc. is headquartered in Vancouver, Canada. “
  • 8/26/2019 – Pretium Resources had its “buy” rating reaffirmed by analysts at Royal Bank of Canada.
  • 8/19/2019 – Pretium Resources had its price target raised by analysts at HC Wainwright from $16.50 to $22.00. They now have a “buy” rating on the stock.
  • 8/8/2019 – Pretium Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Pretium Resources Inc. is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company owns the Snowfield and Brucejack Projects located in Northwest British Columbia, Canada. Its mineral interests consist of gold/copper/silver exploration projects. Pretium Resources Inc. is headquartered in Vancouver, Canada. “

Shares of NYSE PVG traded down $0.32 during trading on Wednesday, reaching $11.32. The company had a trading volume of 131,985 shares, compared to its average volume of 2,115,849. Pretium Resources Inc has a 52 week low of $6.65 and a 52 week high of $13.83. The stock has a market cap of $2.06 billion, a PE ratio of 20.96 and a beta of -0.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.44 and a current ratio of 0.63. The business’s 50 day moving average price is $12.48 and its 200-day moving average price is $9.81.

Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. Pretium Resources had a net margin of 6.48% and a return on equity of 8.83%. The company had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $143.99 million. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts anticipate that Pretium Resources Inc will post 0.7 earnings per share for the current year.



A number of institutional investors and hedge funds have recently made changes to their positions in PVG. Laurion Capital Management LP bought a new position in Pretium Resources in the first quarter valued at approximately $539,000. Sentry Investment Management LLC lifted its position in shares of Pretium Resources by 53.6% in the first quarter. Sentry Investment Management LLC now owns 44,302 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 15,461 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Pretium Resources in the first quarter worth $3,718,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Pretium Resources by 46.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 359,048 shares of the basic materials company’s stock worth $3,069,000 after purchasing an additional 113,148 shares in the last quarter. Finally, ARP Americas LP bought a new stake in shares of Pretium Resources in the first quarter worth $204,000. 51.48% of the stock is currently owned by hedge funds and other institutional investors.

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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