Scotiabank reissued their sector perform rating on shares of Pretium Resources (TSE:PVG) (NYSE:PVG) in a research report released on Thursday morning. The brokerage currently has a C$15.50 price objective on the stock.
Other research analysts have also recently issued research reports about the stock. CIBC cut shares of Pretium Resources from an outperform rating to a neutral rating and decreased their target price for the stock from C$18.00 to C$14.50 in a research report on Thursday, January 25th. Royal Bank of Canada decreased their target price on shares of Pretium Resources from C$18.00 to C$14.00 and set an outperform rating for the company in a research report on Thursday, January 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Pretium Resources currently has an average rating of Buy and an average price target of C$17.10.
Shares of TSE:PVG opened at C$9.04 on Thursday. Pretium Resources has a fifty-two week low of C$7.93 and a fifty-two week high of C$15.52.
Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its earnings results on Thursday, March 8th. The company reported C$0.09 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.08. Pretium Resources had a negative net margin of 9.84% and a negative return on equity of 3.31%. The firm had revenue of C$135.97 million during the quarter, compared to analysts’ expectations of C$111.78 million.
In related news, Director Robert Allan Quartermain acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average cost of C$8.96 per share, for a total transaction of C$44,800.00. Also, Director Nicole Adshead-Bell acquired 5,700 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was bought at an average price of C$10.38 per share, with a total value of C$59,166.00.
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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 owns 100% interests in the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia; and the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northwestern British Columbia.
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