Shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) have earned an average rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.57.
A number of analysts have weighed in on PVG shares. ValuEngine downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Zacks Investment Research downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Friday, January 11th. CIBC reissued a “hold” rating on shares of Pretium Resources in a report on Sunday, January 20th. BMO Capital Markets restated a “buy” rating on shares of Pretium Resources in a research note on Monday, January 14th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Pretium Resources in a research note on Wednesday, January 23rd.
Pretium Resources stock traded down $0.17 during mid-day trading on Monday, reaching $7.86. The company had a trading volume of 1,326,851 shares, compared to its average volume of 2,023,513. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.65 and a quick ratio of 0.47. Pretium Resources has a 52 week low of $6.53 and a 52 week high of $9.84. The company has a market cap of $1.45 billion, a PE ratio of 14.56 and a beta of -0.33.
Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its quarterly earnings results on Thursday, February 14th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Pretium Resources had a net margin of 8.06% and a return on equity of 11.30%. The firm had revenue of $108.60 million during the quarter, compared to the consensus estimate of $112.10 million. Analysts expect that Pretium Resources will post 0.76 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Midas Management Corp acquired a new position in shares of Pretium Resources in the 4th quarter valued at $380,000. Vanguard Group Inc increased its position in shares of Pretium Resources by 4.2% during the 3rd quarter. Vanguard Group Inc now owns 4,169,165 shares of the basic materials company’s stock worth $31,727,000 after purchasing an additional 167,215 shares in the last quarter. Intact Investment Management Inc. increased its position in shares of Pretium Resources by 10.3% during the 4th quarter. Intact Investment Management Inc. now owns 182,800 shares of the basic materials company’s stock worth $2,088,000 after purchasing an additional 17,000 shares in the last quarter. Polar Capital LLP acquired a new stake in shares of Pretium Resources during the 4th quarter worth about $15,435,000. Finally, Fiera Capital Corp acquired a new stake in shares of Pretium Resources during the 4th quarter worth about $577,000. Institutional investors own 55.28% 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.
Further Reading: Depreciation
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