Equities analysts expect Pretium Resources Inc (NYSE:PVG) (TSE:PVG) to post $0.23 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Pretium Resources’ earnings, with estimates ranging from $0.22 to $0.24. Pretium Resources posted earnings per share of $0.14 during the same quarter last year, which suggests a positive year-over-year growth rate of 64.3%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, October 30th.
On average, analysts expect that Pretium Resources will report full year earnings of $0.73 per share for the current financial year. For the next year, analysts forecast that the company will report earnings of $0.97 per share, with EPS estimates ranging from $0.66 to $1.28. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Pretium Resources.
Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $143.99 million. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Thursday, September 12th. ValuEngine lowered shares of Pretium Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Pretium Resources in a research note on Monday, August 26th. HC Wainwright upped their price objective on shares of Pretium Resources from $16.50 to $22.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, B. Riley upped their price objective on shares of Pretium Resources from $22.60 to $25.40 and gave the company a “buy” rating in a research note on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Pretium Resources presently has a consensus rating of “Buy” and a consensus target price of $17.77.
Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of Pretium Resources by 12.8% in the 2nd quarter. Advisor Group Inc. now owns 13,995 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 1,583 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Pretium Resources by 2.2% in the 2nd quarter. CIBC Asset Management Inc now owns 159,573 shares of the basic materials company’s stock valued at $1,595,000 after purchasing an additional 3,385 shares during the period. Clean Yield Group increased its holdings in shares of Pretium Resources by 22.5% in the 2nd quarter. Clean Yield Group now owns 19,600 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 3,600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Pretium Resources by 84.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,241 shares of the basic materials company’s stock worth $143,000 after buying an additional 6,512 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Pretium Resources by 25.8% in the second quarter. Gamco Investors INC. ET AL now owns 32,120 shares of the basic materials company’s stock worth $322,000 after buying an additional 6,580 shares during the last quarter. Institutional investors own 50.90% of the company’s stock.
PVG stock traded up $0.22 during mid-day trading on Wednesday, reaching $11.79. 509,573 shares of the stock traded hands, compared to its average volume of 1,816,829. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54. Pretium Resources has a 52-week low of $6.65 and a 52-week high of $13.83. The company has a market cap of $2.16 billion, a P/E ratio of 21.83 and a beta of -0.63. The stock’s fifty day moving average is $12.25 and its 200-day moving average is $10.30.
Pretium Resources Company Profile
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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