Pretium Resources (TSE:PVG) (NYSE:PVG) – Stock analysts at Cormark lowered their Q2 2018 earnings per share (EPS) estimates for Pretium Resources in a research note issued to investors on Thursday, April 12th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.19.
Several other brokerages have also commented on PVG. Scotiabank lowered Pretium Resources from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$19.00 to C$17.75 in a research report on Wednesday, January 24th. Royal Bank of Canada reduced their price objective on Pretium Resources from C$18.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Finally, CIBC lowered Pretium Resources from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$18.00 to C$14.50 in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$17.10.
TSE:PVG opened at C$8.96 on Monday. Pretium Resources has a twelve month low of C$7.93 and a twelve month high of C$15.52.
Pretium Resources (TSE:PVG) (NYSE:PVG) last released its quarterly earnings results on Thursday, March 8th. The company reported C$0.09 earnings per share for the quarter, beating the consensus estimate of C$0.01 by C$0.08. Pretium Resources had a negative return on equity of 3.31% and a negative net margin of 9.84%. The firm had revenue of C$135.97 million for the quarter, compared to analysts’ expectations of C$111.78 million.
In related news, Director Nicole Adshead-Bell purchased 5,700 shares of Pretium Resources stock in a transaction that occurred on Wednesday, January 24th. The shares were acquired at an average cost of C$10.38 per share, for a total transaction of C$59,166.00. Also, Director Robert Allan Quartermain purchased 5,000 shares of Pretium Resources stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average price of C$8.96 per share, for a total transaction of C$44,800.00.
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.
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