Brokerages expect Pretium Resources Inc (NYSE:PVG) (TSE:PVG) to report $0.08 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Pretium Resources’ earnings. The lowest EPS estimate is $0.02 and the highest is $0.18. Pretium Resources posted earnings of $0.03 per share during the same quarter last year, which indicates a positive year over year growth rate of 166.7%. The firm is scheduled to report its next earnings report after the market closes on Thursday, May 2nd.

On average, analysts expect that Pretium Resources will report full-year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $1.40. For the next year, analysts anticipate that the company will report earnings of $1.81 per share, with EPS estimates ranging from $0.95 to $2.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Pretium Resources.

Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its earnings results on Thursday, February 14th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Pretium Resources had a return on equity of 11.30% and a net margin of 8.06%. The business had revenue of $108.60 million during the quarter, compared to analysts’ expectations of $112.10 million.

Several brokerages have recently commented on PVG. Zacks Investment Research downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. ValuEngine raised Pretium Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. CIBC reissued a “hold” rating and issued a $12.00 price objective on shares of Pretium Resources in a research note on Monday, April 8th. Finally, HC Wainwright set a $17.00 price objective on Pretium Resources and gave the stock a “buy” rating in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $14.43.

PVG stock traded down $0.21 during trading on Wednesday, reaching $7.65. 41,410 shares of the stock were exchanged, compared to its average volume of 1,676,340. Pretium Resources has a twelve month low of $6.53 and a twelve month high of $9.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.47 and a current ratio of 0.65. The company has a market cap of $1.44 billion, a P/E ratio of 14.17 and a beta of -0.33.

Institutional investors and hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont purchased a new stake in shares of Pretium Resources during the fourth quarter valued at approximately $29,000. Advisor Group Inc. increased its position in shares of Pretium Resources by 41.1% during the fourth quarter. Advisor Group Inc. now owns 6,665 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 1,940 shares during the last quarter. Bennicas & Associates Inc. purchased a new stake in shares of Pretium Resources during the fourth quarter valued at approximately $112,000. HM Payson & Co. increased its position in shares of Pretium Resources by 11.7% during the third quarter. HM Payson & Co. now owns 17,200 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Pretium Resources during the fourth quarter valued at approximately $153,000. 55.28% of the stock is owned by institutional investors.

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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