Pretium Resources Inc (PVG) Receives Average Recommendation of “Buy” from Analysts
Shares of Pretium Resources Inc (TSE:PVG) (NYSE:PVG) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$18.00.
A number of equities analysts recently commented on PVG shares. Scotiabank reissued a “sector perform” rating and set a C$16.50 price target on shares of Pretium Resources in a research note on Saturday, September 23rd. Numis Securities dropped their price target on Pretium Resources from C$20.00 to C$18.00 in a research note on Monday, September 25th. CIBC raised their price objective on Pretium Resources from C$15.75 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, October 13th. Finally, Royal Bank of Canada lowered their price objective on Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research note on Friday.
Shares of Pretium Resources (TSE PVG) traded down C$0.44 during trading on Friday, reaching C$13.61. The company had a trading volume of 486,791 shares, compared to its average volume of 438,441. Pretium Resources has a 52 week low of C$9.73 and a 52 week high of C$16.48. The company has a market capitalization of $2,500.00, a price-to-earnings ratio of -90.73 and a beta of -0.11.
In other news, Director Christopher Noel Dunn sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of C$14.71, for a total value of C$588,400.00.
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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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