Pretium Resources, Inc. (PVG) Given a $17.00 Price Target at Roth Capital

Roth Capital set a $17.00 target price on Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) in a report published on Monday morning. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other equities analysts have also recently commented on the company. Citigroup Inc. reaffirmed a buy rating on shares of Pretium Resources in a report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed an outperform rating on shares of Pretium Resources in a report on Thursday, September 7th. Zacks Investment Research raised Pretium Resources from a strong sell rating to a hold rating and set a $13.00 price target for the company in a report on Tuesday, October 17th. CIBC raised Pretium Resources from a neutral rating to an outperform rating in a report on Thursday, October 12th. Finally, Scotiabank raised Pretium Resources from a sector perform rating to an outperform rating in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $15.36.

Pretium Resources (NYSE:PVG) traded down $0.97 during trading on Monday, reaching $10.43. The company’s stock had a trading volume of 3,581,800 shares, compared to its average volume of 2,159,683. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. Pretium Resources has a 12-month low of $6.82 and a 12-month high of $12.53.

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Several hedge funds have recently added to or reduced their stakes in PVG. Bank of New York Mellon Corp bought a new stake in Pretium Resources during the 1st quarter worth approximately $108,000. FMR LLC grew its position in Pretium Resources by 1.9% during the 1st quarter. FMR LLC now owns 1,912,083 shares of the basic materials company’s stock worth $20,503,000 after acquiring an additional 35,000 shares during the last quarter. Legal & General Group Plc grew its position in Pretium Resources by 30.0% during the 1st quarter. Legal & General Group Plc now owns 22,100 shares of the basic materials company’s stock worth $236,000 after acquiring an additional 5,100 shares during the last quarter. Vanguard Group Inc. grew its position in Pretium Resources by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 2,802,494 shares of the basic materials company’s stock worth $30,015,000 after acquiring an additional 140,724 shares during the last quarter. Finally, Morgan Stanley grew its position in Pretium Resources by 23.9% during the 1st quarter. Morgan Stanley now owns 131,772 shares of the basic materials company’s stock worth $1,411,000 after acquiring an additional 25,401 shares during the last quarter. Institutional investors own 44.54% of the company’s stock.

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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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