Pretium Resources Inc. (PVG) Trading Down 4.5%
Pretium Resources Inc. (NYSE:PVG)’s share price dropped 4.5% during trading on Tuesday . The stock traded as low as $9.77 and last traded at $9.78, with a volume of 931,880 shares trading hands. The stock had previously closed at $10.24.
PVG has been the topic of several recent analyst reports. Zacks Investment Research lowered Pretium Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Pretium Resources in a research note on Wednesday, June 29th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $10.00 price target on shares of Pretium Resources in a research note on Saturday, May 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.00.
The stock has a 50-day moving average of $11.30 and a 200-day moving average of $8.32. The stock’s market cap is $1.74 billion.
Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.
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