Pretium Resources’ (PVG) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Pretium Resources (NYSE:PVG) (TSE:PVG) in a research report report published on Thursday, AnalystRatings.com reports. They currently have a $16.50 target price on the basic materials company’s stock.

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of Zuora from a buy rating to a hold rating in a research note on Saturday, June 1st. CIBC reissued a hold rating and set a $12.00 target price on shares of Pretium Resources in a research note on Monday, April 8th. Zacks Investment Research reissued a hold rating on shares of Western New England Bancorp in a research note on Saturday, June 29th. BMO Capital Markets reissued a buy rating on shares of Brookfield Asset Management in a research note on Friday, April 5th. Finally, Royal Bank of Canada reissued an underperform rating and set a GBX 215 ($2.81) target price on shares of in a research note on Wednesday, June 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $14.92.

Pretium Resources stock opened at $10.73 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.49. The firm’s 50-day moving average price is $9.45. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 19.87 and a beta of -0.34. Pretium Resources has a 52-week low of $6.53 and a 52-week high of $10.81.

Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $103.10 million during the quarter, compared to analyst estimates of $129.47 million. Pretium Resources had a net margin of 10.43% and a return on equity of 12.29%. The firm’s revenue was up 15.3% compared to the same quarter last year. Research analysts anticipate that Pretium Resources will post 0.4 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of Pretium Resources by 4.2% in the 4th quarter. Legal & General Group Plc now owns 39,954 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 1,607 shares during the period. Advisor Group Inc. lifted its stake in shares of Pretium Resources by 41.1% in the 4th quarter. Advisor Group Inc. now owns 6,665 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 1,940 shares during the period. Midas Management Corp lifted its stake in shares of Pretium Resources by 11.1% in the 1st quarter. Midas Management Corp now owns 50,000 shares of the basic materials company’s stock worth $428,000 after acquiring an additional 5,000 shares during the period. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Pretium Resources by 8.1% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 67,000 shares of the basic materials company’s stock worth $572,000 after acquiring an additional 5,000 shares during the period. Finally, Boenning & Scattergood Inc. lifted its stake in shares of Pretium Resources by 29.9% in the 1st quarter. Boenning & Scattergood Inc. now owns 26,100 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 6,000 shares during the period. 51.03% of the stock is owned by institutional investors.

Pretium Resources Company Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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Analyst Recommendations for Pretium Resources (NYSE:PVG)

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