Pretium Resources Inc. (NYSE:PVG) Receives $16.68 Average Price Target from Brokerages


Share on StockTwits

Shares of Pretium Resources Inc. (NYSE:PVG) (TSE:PVG) have received an average rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $16.68.

A number of research analysts have recently commented on the stock. HC Wainwright reduced their price target on shares of Pretium Resources from $17.50 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, January 19th. Canaccord Genuity lowered shares of Pretium Resources to a “hold” rating and set a $17.25 target price for the company. in a research report on Tuesday, October 27th. Roth Capital cut their target price on shares of Pretium Resources from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Tuesday, January 19th. National Bank Financial began coverage on shares of Pretium Resources in a research report on Thursday, January 7th. They issued a “sector perform” rating for the company. Finally, Zacks Investment Research upgraded shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, December 8th.

PVG opened at $10.70 on Thursday. The company has a fifty day moving average price of $10.86 and a 200-day moving average price of $11.89. The firm has a market capitalization of $2.01 billion, a P/E ratio of 21.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.43. Pretium Resources has a one year low of $4.05 and a one year high of $14.55.

Large investors have recently modified their holdings of the company. Morgan Stanley raised its stake in shares of Pretium Resources by 4.6% during the third quarter. Morgan Stanley now owns 7,320,950 shares of the basic materials company’s stock valued at $94,001,000 after acquiring an additional 320,057 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Pretium Resources by 3.3% during the third quarter. Acadian Asset Management LLC now owns 51,455 shares of the basic materials company’s stock valued at $657,000 after acquiring an additional 1,655 shares during the last quarter. AXA S.A. bought a new position in shares of Pretium Resources during the third quarter valued at about $3,607,000. SG Americas Securities LLC bought a new position in shares of Pretium Resources during the third quarter valued at about $111,000. Finally, Ninety One UK Ltd raised its stake in shares of Pretium Resources by 1.8% during the fourth quarter. Ninety One UK Ltd now owns 2,411,405 shares of the basic materials company’s stock valued at $27,616,000 after acquiring an additional 43,078 shares during the last quarter. 58.21% of the stock is owned by hedge funds and other 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 3,305.85 hectares located in northwestern British Columbia.

Featured Article: What does the Dogs of the Dow mean?

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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.