Pretium Resources Inc (PVG) Given Average Recommendation of “Buy” by Brokerages

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$18.00.

PVG has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research report on Friday. Numis Securities restated a “buy” rating and issued a C$22.00 price target on shares of Pretium Resources in a research report on Thursday, October 12th. CIBC upped their price target on Pretium Resources from C$15.75 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Finally, Scotiabank upgraded Pretium Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$16.50 to C$17.00 in a research report on Thursday, October 12th.

In related news, Director Christopher Noel Dunn sold 40,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of C$14.71, for a total transaction of C$588,400.00.

Pretium Resources (TSE:PVG) traded down C$0.44 during mid-day trading on Friday, reaching C$13.61. The company’s stock had a trading volume of 486,791 shares, compared to its average volume of 438,441. Pretium Resources has a 52 week low of C$9.73 and a 52 week high of C$16.48. The company has a market capitalization of $2,500.00, a P/E ratio of -90.73 and a beta of -0.11.

Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its earnings results on Friday, November 10th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.11).

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About Pretium Resources

Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

Analyst Recommendations for Pretium Resources (TSE:PVG)

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