Pretium Resources Inc. (NYSE:PVG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Pretium Resources Inc. (NYSE:PVG) (TSE:PVG) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $17.25.

PVG has been the topic of a number of recent research reports. National Bank Financial downgraded shares of Pretium Resources to an “outperform” rating in a research report on Tuesday, November 9th. Scotiabank raised their price target on shares of Pretium Resources from C$13.50 to C$18.50 and gave the stock a “sector perform” rating in a research report on Tuesday, November 9th. CIBC raised their price target on shares of Pretium Resources from C$14.50 to C$18.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 10th. Canaccord Genuity downgraded shares of Pretium Resources from a “buy” rating to a “hold” rating in a research report on Monday, November 15th. Finally, Zacks Investment Research upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 27th.

NYSE PVG traded up $0.17 during trading hours on Friday, reaching $13.95. 937,985 shares of the company traded hands, compared to its average volume of 1,386,271. Pretium Resources has a 12 month low of $8.29 and a 12 month high of $14.79. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.62 billion, a PE ratio of -87.19 and a beta of 0.82. The stock has a 50 day simple moving average of $11.35.

Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its quarterly earnings data on Thursday, November 11th. The basic materials company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Pretium Resources had a negative net margin of 4.70% and a positive return on equity of 15.28%. During the same quarter in the prior year, the company earned $0.27 EPS. Analysts forecast that Pretium Resources will post 0.58 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in PVG. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Pretium Resources by 41.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 485,259 shares of the basic materials company’s stock worth $4,154,000 after acquiring an additional 142,459 shares during the period. Geode Capital Management LLC increased its stake in Pretium Resources by 25.5% during the 1st quarter. Geode Capital Management LLC now owns 44,257 shares of the basic materials company’s stock valued at $459,000 after buying an additional 9,005 shares during the period. Dimensional Fund Advisors LP increased its stake in Pretium Resources by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 533,622 shares of the basic materials company’s stock valued at $5,534,000 after buying an additional 79,371 shares during the period. Goldman Sachs Group Inc. increased its stake in Pretium Resources by 43.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 549,074 shares of the basic materials company’s stock valued at $5,694,000 after buying an additional 166,105 shares during the period. Finally, HRT Financial LP acquired a new position in Pretium Resources during the 1st quarter valued at about $526,000. 57.99% of the stock is currently owned by institutional investors and hedge funds.

About Pretium Resources

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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Analyst Recommendations for Pretium Resources (NYSE:PVG)

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