Q3 2018 EPS Estimates for Pretium Resources Inc (PVG) Cut by Analyst
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) – Equities research analysts at Cormark dropped their Q3 2018 earnings estimates for shares of Pretium Resources in a report issued on Wednesday, October 10th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.16 for the quarter, down from their prior estimate of $0.25. Cormark also issued estimates for Pretium Resources’ FY2018 earnings at $0.83 EPS.
Pretium Resources (TSE:PVG) (NYSE:PVG) last released its earnings results on Thursday, August 9th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.08. Pretium Resources had a negative net margin of 9.84% and a negative return on equity of 3.31%. The company had revenue of C$189.05 million during the quarter, compared to the consensus estimate of C$184.97 million.
PVG stock opened at C$10.77 on Thursday. Pretium Resources has a 12-month low of C$7.93 and a 12-month high of C$15.31.
In other news, Director Kenneth C. Mcnaughton sold 30,000 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of C$9.90, for a total transaction of C$297,000.00. Also, Director Kenneth C. Mcnaughton sold 100,000 shares of the firm’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of C$9.90, for a total transaction of C$990,000.00. In the last quarter, insiders sold 231,000 shares of company stock valued at $2,461,810.
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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