Pretium Resources (PVG) Releases Earnings Results, Beats Estimates By $0.04 EPS
Pretium Resources (NYSE:PVG) (TSE:PVG) announced its quarterly earnings data on Thursday. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04, Fidelity Earnings reports. The business had revenue of $110.06 million for the quarter, compared to analyst estimates of $109.70 million. Pretium Resources had a return on equity of 8.67% and a net margin of 3.22%.
Pretium Resources stock traded up $0.26 during midday trading on Friday, hitting $7.54. 2,513,980 shares of the company were exchanged, compared to its average volume of 1,806,672. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 75.40 and a beta of 0.25. Pretium Resources has a fifty-two week low of $6.17 and a fifty-two week high of $11.90. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.42.
A number of research analysts have recently weighed in on the company. ValuEngine raised Pretium Resources from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Citigroup cut their price objective on Pretium Resources from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, August 29th. Zacks Investment Research lowered Pretium Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 16th. HC Wainwright set a $15.00 price objective on Pretium Resources and gave the company a “buy” rating in a report on Tuesday, September 25th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Pretium Resources in a report on Sunday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $12.55.
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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