Pretium Resources (TSE:PVG) Share Price Passes Below Two Hundred Day Moving Average of $14.39

Pretium Resources Inc (TSE:PVG) (NYSE:PVG)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.39 and traded as low as $13.43. Pretium Resources shares last traded at $13.52, with a volume of 278,647 shares changing hands.

PVG has been the subject of several research reports. HC Wainwright reiterated a “buy” rating on shares of Pretium Resources in a research report on Monday, August 19th. Royal Bank of Canada downgraded shares of Pretium Resources from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$20.00 to C$16.00 in a research report on Friday, November 1st. Finally, Canaccord Genuity dropped their price objective on shares of Pretium Resources from C$20.00 to C$18.00 in a research note on Friday, November 1st.

The company has a 50-day moving average of C$13.53 and a 200-day moving average of C$14.39. The company has a debt-to-equity ratio of 54.95, a quick ratio of 0.21 and a current ratio of 0.38. The stock has a market cap of $2.47 billion and a price-to-earnings ratio of 112.83.

About Pretium Resources (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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