Pretium Resources Inc (PVG) Earns “Outperform” Rating from CSFB
Pretium Resources Inc (TSE:PVG) (NYSE:PVG)‘s stock had its “outperform” rating reissued by equities researchers at CSFB in a report issued on Monday. They presently have a C$13.50 target price on the stock. CSFB’s price objective points to a potential downside of 5.40% from the company’s current price.
Other analysts also recently issued research reports about the stock. Numis Securities Ltd reissued a “buy” rating and set a C$20.00 target price on shares of Pretium Resources in a research report on Thursday, February 16th. CIBC downgraded shares of Pretium Resources from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from C$15.00 to C$15.75 in a research report on Wednesday, February 15th. Royal Bank of Canada raised shares of Pretium Resources from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, March 8th. Finally, Scotiabank reissued a “sector perform” rating and set a C$16.50 target price on shares of Pretium Resources in a research report on Thursday, February 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$16.79.
Shares of Pretium Resources (TSE:PVG) traded up 1.05% during mid-day trading on Monday, hitting $14.42. 509,865 shares of the stock were exchanged. The company’s market cap is $2.61 billion. Pretium Resources has a 52-week low of $6.55 and a 52-week high of $16.48. The stock’s 50-day moving average price is $14.06 and its 200-day moving average price is $12.93.
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In other Pretium Resources news, Director Shaoyang Shen acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was acquired at an average cost of C$13.20 per share, for a total transaction of C$198,000.00.
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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