Traders Purchase High Volume of Pretium Resources Call Options (PVG)

Pretium Resources Inc (NYSE:PVG) (TSE:PVG) saw some unusual options trading activity on Monday. Stock investors bought 15,822 call options on the stock. This is an increase of approximately 1,322% compared to the typical volume of 1,113 call options.

Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in Pretium Resources by 97.1% in the 1st quarter. LPL Financial LLC now owns 24,310 shares of the basic materials company’s stock worth $162,000 after buying an additional 11,977 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Pretium Resources in the 1st quarter worth approximately $297,000. BlackRock Inc. lifted its holdings in shares of Pretium Resources by 19.8% in the 1st quarter. BlackRock Inc. now owns 509,965 shares of the basic materials company’s stock worth $3,397,000 after acquiring an additional 84,348 shares during the last quarter. Heartland Advisors Inc. bought a new stake in shares of Pretium Resources in the 1st quarter worth approximately $6,667,000. Finally, CQS Cayman LP lifted its holdings in shares of Pretium Resources by 39.1% in the 1st quarter. CQS Cayman LP now owns 249,000 shares of the basic materials company’s stock worth $1,658,000 after acquiring an additional 70,000 shares during the last quarter. 51.37% of the stock is owned by institutional investors and hedge funds.

PVG stock opened at $8.66 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.26 and a quick ratio of 0.20. Pretium Resources has a one year low of $6.17 and a one year high of $12.44. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 22.54 and a beta of -0.20.

Pretium Resources (NYSE:PVG) (TSE:PVG) last released its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.08. Pretium Resources had a net margin of 3.22% and a return on equity of 8.75%. The business had revenue of $146.48 million during the quarter, compared to analysts’ expectations of $141.20 million. equities research analysts forecast that Pretium Resources will post 0.61 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. ValuEngine raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research note on Friday. HC Wainwright set a $15.00 price target on shares of Pretium Resources and gave the stock a “buy” rating in a research note on Friday. Finally, Zacks Investment Research raised shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Tuesday, July 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Pretium Resources presently has an average rating of “Buy” and an average target price of $12.88.

About Pretium Resources

Pretium Resources, Inc engages in the acquisition, exploration, and development 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 on October 22, 2010 and is headquartered in Vancouver, Canada.

Featured Story: Average Daily Trade Volume Explained

Receive News & Ratings for Pretium Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply