Pretium Resources’ (PVG) Outperform Rating Reaffirmed at BMO Capital Markets

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BMO Capital Markets reissued their outperform rating on shares of Pretium Resources (TSE:PVG) (NYSE:PVG) in a report published on Thursday morning. They currently have a C$17.50 price objective on the stock.

Separately, Canaccord Genuity reduced their target price on shares of Pretium Resources from C$17.00 to C$16.00 in a research note on Thursday, October 18th.

Pretium Resources stock traded down C$0.28 during midday trading on Thursday, reaching C$9.35. 1,604,929 shares of the stock traded hands, compared to its average volume of 1,289,454. The company has a debt-to-equity ratio of 88.21, a current ratio of 0.33 and a quick ratio of 0.30. Pretium Resources has a fifty-two week low of C$7.93 and a fifty-two week high of C$14.50.

Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its earnings results on Thursday, November 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.07. The firm had revenue of C$143.84 million for the quarter, compared to analyst estimates of C$142.18 million. Sell-side analysts anticipate that Pretium Resources will post 0.829999973766463 EPS for the current year.

In related news, insider Tom Yip sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of C$10.05, for a total value of C$201,000.00. Also, Director Kenneth C. Mcnaughton sold 39,825 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of C$10.18, for a total transaction of C$405,418.50. Insiders have sold a total of 339,900 shares of company stock worth $3,473,255 over the last 90 days.

About Pretium Resources

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's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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