Pretium Resources (PVG) Given Consensus Rating of “Hold” by Brokerages

Pretium Resources (NYSE:PVG) (TSE:PVG) has been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $14.00.

PVG has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. HC Wainwright restated a “buy” rating and issued a $16.50 target price on shares of Pretium Resources in a research note on Tuesday, December 26th. Credit Suisse Group downgraded shares of Pretium Resources from an “outperform” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Tuesday, January 23rd. CIBC downgraded shares of Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, January 25th. Finally, ValuEngine downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

How to Become a New Pot Stock Millionaire

PVG traded up $0.13 during trading on Wednesday, reaching $6.88. 423,926 shares of the company’s stock were exchanged, compared to its average volume of 2,605,552. Pretium Resources has a fifty-two week low of $6.17 and a fifty-two week high of $12.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.23 and a quick ratio of 0.17. The company has a market capitalization of $1,231.14, a P/E ratio of 68.80 and a beta of 0.07.

Several institutional investors have recently added to or reduced their stakes in the stock. Penbrook Management LLC bought a new position in shares of Pretium Resources in the fourth quarter valued at about $600,000. LPL Financial LLC bought a new position in shares of Pretium Resources in the fourth quarter valued at about $141,000. Deutsche Bank AG raised its holdings in shares of Pretium Resources by 68.8% in the fourth quarter. Deutsche Bank AG now owns 581,026 shares of the basic materials company’s stock valued at $6,628,000 after buying an additional 236,888 shares during the last quarter. Jefferies Group LLC bought a new position in shares of Pretium Resources in the fourth quarter valued at about $422,000. Finally, Quantitative Investment Management LLC bought a new position in shares of Pretium Resources in the fourth quarter valued at about $926,000. 46.86% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/04/16/pretium-resources-pvg-given-consensus-rating-of-hold-by-brokerages.html.

Pretium Resources Company Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company owns 100% interests in the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia; and the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northwestern British Columbia.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

Receive News & Ratings for Pretium Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply