Cormark Equities Analysts Reduce Earnings Estimates for Pretium Resources Inc (PVG)
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) – Stock analysts at Cormark lowered their Q3 2018 earnings per share (EPS) estimates for shares of Pretium Resources in a research note issued to investors on Monday. Cormark analyst R. Gray now anticipates that the company will earn $0.27 per share for the quarter, down from their prior estimate of $0.31. Cormark also issued estimates for Pretium Resources’ FY2018 earnings at $0.90 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $1.13 EPS.
Several other research analysts also recently weighed in on PVG. Scotiabank lowered their target price on Pretium Resources from C$17.75 to C$15.50 and set a “sector perform” rating on the stock in a research note on Friday, March 9th. CIBC downgraded Pretium Resources from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$18.00 to C$14.50 in a research note on Thursday, January 25th. Finally, Royal Bank of Canada lowered their target price on Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$16.50.
In other Pretium Resources news, Director Robert Allan Quartermain purchased 5,000 shares of Pretium Resources stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average cost of C$8.96 per share, with a total value of C$44,800.00. Also, Director Nicole Adshead-Bell purchased 5,700 shares of Pretium Resources stock in a transaction dated Wednesday, January 24th. The stock was acquired at an average cost of C$10.38 per share, with a total value of C$59,166.00.
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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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