Pretium Resources (TSE:PVG) PT Raised to C$15.50

Pretium Resources (TSE:PVG) (NYSE:PVG) had its target price upped by CIBC from C$12.00 to C$15.50 in a report published on Monday morning, BayStreet.CA reports.

A number of other analysts have also recently commented on PVG. Royal Bank of Canada reiterated an underperform rating and set a GBX 215 ($2.81) price objective on shares of in a research report on Wednesday, June 26th. Cormark upped their price objective on Pretium Resources from C$15.50 to C$16.00 in a research report on Friday, April 5th.

PVG stock opened at C$14.64 on Monday. Pretium Resources has a 1-year low of C$8.59 and a 1-year high of C$14.69. The business has a fifty day simple moving average of C$12.88. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 69.41. The stock has a market capitalization of $2.61 billion and a PE ratio of 56.53.

Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.12 EPS for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.01. The firm had revenue of C$137.10 million for the quarter, compared to analysts’ expectations of C$126.61 million. Analysts expect that Pretium Resources will post 0.91 EPS for the current year.

In related news, Director Joseph J. Ovsenek sold 39,825 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$10.80, for a total transaction of C$430,098.05. Following the completion of the sale, the director now owns 130,575 shares in the company, valued at C$1,410,170.83.

About Pretium Resources

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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