Pretium Resources (NYSE:PVG) Shares Up 5.1%


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Pretium Resources Inc. (NYSE:PVG) (TSE:PVG) traded up 5.1% during trading on Monday . The company traded as high as $10.82 and last traded at $10.70. 1,366,535 shares were traded during trading, a decline of 10% from the average session volume of 1,513,589 shares. The stock had previously closed at $10.18.

Several equities research analysts have recently commented on PVG shares. HC Wainwright reduced their price target on shares of Pretium Resources from $17.50 to $17.00 and set a “buy” rating for the company in a report on Tuesday, January 19th. Canaccord Genuity lowered Pretium Resources to a “hold” rating and set a $17.25 target price for the company. in a report on Tuesday, October 27th. Zacks Investment Research upgraded Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, December 8th. National Bank Financial began coverage on Pretium Resources in a research report on Thursday, January 7th. They issued a “sector perform” rating for the company. Finally, Roth Capital dropped their price objective on Pretium Resources from $18.50 to $17.50 and set a “buy” rating on the stock in a research report on Tuesday, January 19th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Pretium Resources has a consensus rating of “Hold” and an average price target of $16.68.

The firm has a fifty day moving average price of $10.86 and a 200 day moving average price of $11.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 1.62. The stock has a market cap of $2.01 billion, a PE ratio of 21.84 and a beta of 0.77.

Hedge funds have recently made changes to their positions in the stock. Comerica Bank purchased a new stake in Pretium Resources during the 4th quarter worth approximately $106,000. SG Americas Securities LLC purchased a new position in shares of Pretium Resources in the third quarter worth $111,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Pretium Resources during the fourth quarter worth $124,000. ADE LLC acquired a new stake in shares of Pretium Resources during the fourth quarter worth $125,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Pretium Resources during the third quarter valued at $128,000. Hedge funds and other institutional investors own 58.21% of the company’s stock.

Pretium Resources Company Profile (NYSE:PVG)

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 3,305.85 hectares located in northwestern British Columbia.

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