Pretium Resources Inc. (PVG) Shares Up 5.4%
Pretium Resources Inc. (NYSE:PVG) shot up 5.4% during mid-day trading on Thursday . The company traded as high as $10.16 and last traded at $10.14, with a volume of 886,947 shares. The stock had previously closed at $9.62.
A number of brokerages have issued reports on PVG. Zacks Investment Research lowered Pretium Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 30th. Scotiabank reiterated a “sector perform” rating and issued a $10.00 price target on shares of Pretium Resources in a research note on Saturday, May 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Pretium Resources in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.00.
The firm’s 50-day moving average price is $11.15 and its 200 day moving average price is $8.36. The stock’s market capitalization is $1.92 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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