Shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) have received an average recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.97.
PVG has been the subject of several research analyst reports. HC Wainwright restated a “buy” rating and issued a $10.50 price objective on shares of Pretium Resources in a research note on Thursday, May 28th. ValuEngine upgraded Pretium Resources from a “sell” rating to a “hold” rating in a research note on Thursday, July 9th. B. Riley raised their target price on Pretium Resources from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Scotiabank raised their target price on Pretium Resources from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, July 20th. Finally, Citigroup dropped their target price on Pretium Resources from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th.
Institutional investors and hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. raised its position in Pretium Resources by 41.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 485,259 shares of the basic materials company’s stock valued at $4,154,000 after purchasing an additional 142,459 shares during the period. Raymond James & Associates raised its position in Pretium Resources by 4.5% in the fourth quarter. Raymond James & Associates now owns 37,571 shares of the basic materials company’s stock valued at $418,000 after purchasing an additional 1,601 shares during the period. Bank of America Corp DE raised its position in Pretium Resources by 9.5% in the fourth quarter. Bank of America Corp DE now owns 508,632 shares of the basic materials company’s stock valued at $5,661,000 after purchasing an additional 44,149 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Pretium Resources by 102.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,090 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 3,590 shares during the period. Finally, Norges Bank purchased a new stake in Pretium Resources in the fourth quarter valued at $13,657,000. 51.39% of the stock is currently owned by institutional investors.
Pretium Resources stock opened at $9.47 on Friday. The stock has a 50-day moving average of $8.66 and a two-hundred day moving average of $8.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.64. Pretium Resources has a one year low of $4.05 and a one year high of $13.83. The stock has a market cap of $1.76 billion, a PE ratio of 41.17 and a beta of 0.59.
Pretium Resources (NYSE:PVG) (TSE:PVG) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Pretium Resources had a return on equity of 11.67% and a net margin of 8.46%. The company had revenue of $126.56 million during the quarter, compared to analysts’ expectations of $133.86 million. As a group, sell-side analysts predict that Pretium Resources will post 0.77 EPS for the current fiscal year.
About Pretium Resources
Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.
See Also: Systematic Risk
Receive News & Ratings for Pretium Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources and related companies with MarketBeat.com's FREE daily email newsletter.