Pretium Resources Inc (PVG) Given Average Recommendation of “Hold” by Analysts
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$16.75.
A number of equities research analysts have recently weighed in on the company. Scotiabank reaffirmed a “sector perform” rating and set a C$16.50 price target on shares of Pretium Resources in a report on Thursday. Numis Securities Ltd reaffirmed a “buy” rating and set a C$20.00 price target on shares of Pretium Resources in a report on Thursday. Finally, CIBC cut Pretium Resources from an “outperform” rating to a “neutral” rating and lifted their price target for the company from C$15.00 to C$15.75 in a report on Wednesday.
Pretium Resources (TSE:PVG) traded down 1.25% during mid-day trading on Friday, hitting $14.99. The stock had a trading volume of 169,441 shares. Pretium Resources has a 12-month low of $6.00 and a 12-month high of $16.48. The firm’s market cap is $2.69 billion. The company has a 50-day moving average of $13.89 and a 200-day moving average of $13.12.
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About Pretium Resources
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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