Cormark Comments on Pretium Resources Inc’s Q3 2018 Earnings (TSE:PVG)

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) – Research analysts at Cormark cut their Q3 2018 earnings estimates for shares of Pretium Resources in a note issued to investors on Monday, Zacks Investment Research reports. Cormark analyst R. Gray now expects that the company will earn $0.27 per share for the quarter, down from their prior estimate of $0.31. Cormark also issued estimates for Pretium Resources’ FY2018 earnings at $0.90 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $1.13 EPS.

PVG has been the topic of a number of other research reports. Royal Bank of Canada dropped their price objective on Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Scotiabank decreased their target price on Pretium Resources from C$17.75 to C$15.50 and set a “sector perform” rating on the stock in a research note on Friday, March 9th. Finally, CIBC lowered 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 note on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Pretium Resources currently has a consensus rating of “Buy” and an average target price of C$16.50.

Shares of Pretium Resources stock traded down C$0.15 during midday trading on Tuesday, hitting C$9.04. The stock had a trading volume of 144,315 shares, compared to its average volume of 735,007. The stock has a market cap of $1,690.00, a PE ratio of -76.58 and a beta of -0.29. Pretium Resources has a 1 year low of C$7.93 and a 1 year high of C$15.52.

Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its quarterly earnings results on Thursday, March 8th. The company reported C$0.09 EPS for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.08. Pretium Resources had a negative return on equity of 3.31% and a negative net margin of 9.84%. The firm had revenue of C$135.97 million for the quarter, compared to analysts’ expectations of C$111.78 million.

In other news, Director Nicole Adshead-Bell acquired 5,700 shares of Pretium Resources stock in a transaction dated Wednesday, January 24th. The shares were purchased at an average cost of C$10.38 per share, for a total transaction of C$59,166.00. Also, Director Robert Allan Quartermain acquired 5,000 shares of Pretium Resources stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average price of C$8.96 per share, for a total transaction of C$44,800.00.

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Pretium Resources Company Profile

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.

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Earnings History and Estimates for Pretium Resources (TSE:PVG)

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