Pretium Resources Forecasted to Earn Q2 2018 Earnings of $0.11 Per Share (PVG)
Pretium Resources (NYSE:PVG) (TSE:PVG) – Investment analysts at Cormark decreased their Q2 2018 earnings per share estimates for shares of Pretium Resources in a research note issued to investors on Thursday, April 12th. Cormark analyst R. Gray now expects that the basic materials company will earn $0.11 per share for the quarter, down from their prior estimate of $0.15. Cormark also issued estimates for Pretium Resources’ FY2019 earnings at $0.76 EPS.
Other equities analysts also recently issued research reports about the company. HC Wainwright reaffirmed a “buy” rating and issued a $15.00 target price on shares of Pretium Resources in a research report on Monday, March 12th. CIBC downgraded Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, January 25th. ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Credit Suisse Group downgraded Pretium Resources from an “outperform” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research raised Pretium Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.60.
A number of large investors have recently modified their holdings of the stock. Penbrook Management LLC acquired a new stake in Pretium Resources during the fourth quarter worth approximately $600,000. LPL Financial LLC acquired a new stake in Pretium Resources during the fourth quarter worth approximately $141,000. Deutsche Bank AG grew its position in Pretium Resources by 68.8% during the fourth quarter. Deutsche Bank AG now owns 581,026 shares of the basic materials company’s stock worth $6,628,000 after buying an additional 236,888 shares in the last quarter. Jefferies Group LLC acquired a new stake in Pretium Resources during the fourth quarter worth approximately $422,000. Finally, Quantitative Investment Management LLC acquired a new stake in Pretium Resources during the fourth quarter worth approximately $926,000. 46.86% of the stock is currently owned by institutional investors and hedge funds.
Pretium Resources Company Profile
Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.
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