Pretium Resources (NYSE:PVG) Shares Gap Down to $10.22

Pretium Resources Inc. (NYSE:PVG) (TSE:PVG) gapped down before the market opened on Thursday . The stock had previously closed at $10.22, but opened at $9.89. Pretium Resources shares last traded at $9.66, with a volume of 14,443 shares traded.

Several equities analysts have recently commented on PVG shares. National Bank Financial raised Pretium Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $14.50 to $16.00 in a research note on Monday, August 16th. Canaccord Genuity raised Pretium Resources from a “hold” rating to a “buy” rating and upped their price target for the company from $15.00 to $15.50 in a research note on Friday, July 16th. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday. Finally, CIBC decreased their price target on Pretium Resources from C$16.00 to C$14.50 in a research note on Wednesday, June 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $14.79.

The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.85 billion, a PE ratio of -89.55 and a beta of 0.72. The company has a fifty day moving average of $9.56 and a 200-day moving average of $10.32.

Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its quarterly earnings data on Thursday, August 12th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $152.31 million for the quarter, compared to the consensus estimate of $143.40 million. Pretium Resources had a positive return on equity of 17.44% and a negative net margin of 3.17%. As a group, research analysts anticipate that Pretium Resources Inc. will post 0.63 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new stake in Pretium Resources during the 2nd quarter worth about $50,000. Advisor Group Holdings Inc. increased its holdings in Pretium Resources by 77.1% during the 2nd quarter. Advisor Group Holdings Inc. now owns 6,303 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 2,743 shares during the period. Optiver Holding B.V. purchased a new stake in Pretium Resources during the 1st quarter worth about $98,000. Versor Investments LP purchased a new stake in Pretium Resources during the 1st quarter worth about $105,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Pretium Resources during the 2nd quarter worth about $115,000. Institutional investors own 53.99% of the company’s stock.

About Pretium Resources (NYSE:PVG)

Pretium Resources, Inc engages in the acquisition, exploration, development and operation of gold and precious metals resource properties. Its projects include Snowfield and Brucejack which are located in British Columbia. The company was founded by Robert Allan Quartermain in 2010 and is headquartered in Vancouver, Canada.

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