Brokerages expect Pretium Resources Inc (NYSE:PVG) (TSE:PVG) to post earnings of $0.07 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pretium Resources’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.10. Pretium Resources reported earnings per share of $0.26 during the same quarter last year, which suggests a negative year-over-year growth rate of 73.1%. The firm is expected to report its next earnings report after the market closes on Thursday, August 1st.
On average, analysts expect that Pretium Resources will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.19 to $0.52. For the next year, analysts expect that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.66 to $1.12. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Pretium Resources.
Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. Pretium Resources had a net margin of 10.43% and a return on equity of 12.29%. The firm had revenue of $103.10 million for the quarter, compared to analyst estimates of $129.47 million. The firm’s revenue was up 15.3% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Waterton Global Resource Management Inc. lifted its position in shares of Pretium Resources by 318.0% during the 1st quarter. Waterton Global Resource Management Inc. now owns 2,909,236 shares of the basic materials company’s stock valued at $24,903,000 after acquiring an additional 2,213,318 shares during the period. Gabelli Funds LLC acquired a new position in shares of Pretium Resources during the 1st quarter valued at $11,085,000. Norges Bank acquired a new position in shares of Pretium Resources during the 4th quarter valued at $7,296,000. Federated Investors Inc. PA acquired a new position in shares of Pretium Resources during the 1st quarter valued at $7,031,000. Finally, Alps Advisors Inc. lifted its position in shares of Pretium Resources by 240.2% during the 1st quarter. Alps Advisors Inc. now owns 1,042,953 shares of the basic materials company’s stock valued at $8,928,000 after acquiring an additional 736,374 shares during the period. Hedge funds and other institutional investors own 50.90% of the company’s stock.
Shares of NYSE PVG traded up $0.10 during midday trading on Wednesday, reaching $11.48. The stock had a trading volume of 121,436 shares, compared to its average volume of 1,967,034. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 21.17 and a beta of -0.35. Pretium Resources has a twelve month low of $6.53 and a twelve month high of $11.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 0.68. The firm has a 50 day simple moving average of $9.87.
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.
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