Pretium Resources (PVG) Given “Outperform” Rating at BMO Capital Markets
Pretium Resources (TSE:PVG) (NYSE:PVG)‘s stock had its “outperform” rating reaffirmed by research analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. They presently have a C$17.50 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 87.97% from the company’s current price.
Separately, Canaccord Genuity dropped their price target on Pretium Resources from C$17.00 to C$16.00 in a research report on Thursday, October 18th.
Pretium Resources stock opened at C$9.31 on Thursday. Pretium Resources has a fifty-two week low of C$7.93 and a fifty-two week high of C$14.50. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 88.21.
In other Pretium Resources news, insider Tom Yip sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of C$10.51, for a total transaction of C$168,160.00. Also, Director Robert Allan Quartermain sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of C$9.80, for a total value of C$490,000.00. Insiders have sold a total of 339,900 shares of company stock worth $3,473,255 in the last quarter.
About Pretium Resources
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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