Pretium Resources Inc. (PVG) Trading Down 4.2%
Pretium Resources Inc. (NYSE:PVG) fell 4.2% during mid-day trading on Tuesday . The stock traded as low as $10.52 and last traded at $10.84, with a volume of 1,253,022 shares. The stock had previously closed at $11.31.
Several research firms recently issued reports on PVG. Scotiabank reissued a “sector perform” rating and issued a $10.00 target price on shares of Pretium Resources in a research report on Saturday, May 14th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Pretium Resources in a research report on Wednesday, June 29th. Finally, Zacks Investment Research cut shares of Pretium Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.00.
The firm’s 50-day moving average price is $11.50 and its 200 day moving average price is $8.15. The firm’s market cap is $1.73 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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