Pretium Resources Inc. (TSE:PVG) (NYSE:PVG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.15 and traded as high as C$17.83. Pretium Resources shares last traded at C$17.62, with a volume of 86,505 shares trading hands.
A number of research analysts have recently commented on the stock. National Bank Financial upped their price objective on shares of Pretium Resources from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Friday, September 10th. Cormark reiterated a “sector perform” rating on shares of Pretium Resources in a report on Thursday, November 11th. National Bankshares cut Pretium Resources from an “outperform” rating to a “tender” rating and boosted their target price for the stock from C$16.50 to C$18.50 in a report on Tuesday, November 9th. HC Wainwright reiterated a “buy” rating and set a C$16.00 target price on shares of Pretium Resources in a report on Wednesday, November 10th. Finally, CIBC reiterated a “neutral” rating and set a C$14.50 target price on shares of Pretium Resources in a report on Monday, August 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$16.81.
The stock has a market cap of C$3.31 billion and a PE ratio of -71.34. The stock has a fifty day simple moving average of C$14.37 and a two-hundred day simple moving average of C$13.15. The company has a debt-to-equity ratio of 23.27, a quick ratio of 1.11 and a current ratio of 1.28.
In other Pretium Resources news, Director David Smith sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 14th. The stock was sold at an average price of C$13.02, for a total value of C$26,040.00. Following the completion of the transaction, the director now owns 23,501 shares in the company, valued at approximately C$305,983.02.
Pretium Resources Company Profile (TSE:PVG)
Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interests in the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,306 hectares located in northwestern British Columbia.
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