Pretium Resources Inc (PVG) Forecasted to Earn Q1 2018 Earnings of $0.07 Per Share
Pretium Resources Inc (NYSE:PVG) (TSE:PVG) – Equities research analysts at Cormark raised their Q1 2018 earnings estimates for shares of Pretium Resources in a note issued to investors on Monday. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.07 per share for the quarter, up from their previous forecast of $0.06. Cormark also issued estimates for Pretium Resources’ Q2 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.27 EPS.
A number of other equities research analysts have also issued reports on PVG. Zacks Investment Research lowered Pretium Resources from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. HC Wainwright reaffirmed a “buy” rating and issued a $16.50 target price on shares of Pretium Resources in a research note on Tuesday, December 26th. Credit Suisse Group lowered Pretium Resources from an “outperform” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Tuesday, January 23rd. CIBC lowered Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, January 25th. Finally, ValuEngine lowered Pretium Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Pretium Resources currently has a consensus rating of “Hold” and a consensus target price of $13.60.
A number of institutional investors and hedge funds have recently modified their holdings of PVG. Trexquant Investment LP acquired a new position in Pretium Resources in the 3rd quarter valued at $104,000. Sigma Planning Corp acquired a new position in Pretium Resources in the 4th quarter valued at $124,000. FNY Partners Fund LP acquired a new position in Pretium Resources in the 4th quarter valued at $136,000. Commerzbank Aktiengesellschaft FI acquired a new position in Pretium Resources in the 3rd quarter valued at $140,000. Finally, LPL Financial LLC acquired a new position in Pretium Resources in the 4th quarter valued at $141,000. Institutional investors own 47.15% of the company’s stock.
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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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