Pretium Resources (TSE:PVG) Shares Cross Above 200 Day Moving Average of $13.15

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.

Pretium Resources (TSE:PVG) (NYSE:PVG) last released its quarterly earnings results on Thursday, November 11th. The company reported C$0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.16. The company had revenue of C$184.88 million during the quarter. On average, equities analysts predict that Pretium Resources Inc. will post 1.0599999 EPS for the current fiscal year.

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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