Pretium Resources, Inc. (PVG) Stock Rating Reaffirmed by HC Wainwright
Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a report issued on Monday. They presently have a $16.50 target price on the basic materials company’s stock. HC Wainwright’s target price would indicate a potential upside of 44.74% from the company’s current price.
PVG has been the subject of a number of other research reports. BidaskClub upgraded Pretium Resources from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Credit Suisse Group set a $13.00 target price on Pretium Resources and gave the company a “buy” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Pretium Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Roth Capital set a $16.00 target price on Pretium Resources and gave the company a “buy” rating in a report on Friday, August 18th. Finally, Citigroup Inc. restated a “buy” rating on shares of Pretium Resources in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Pretium Resources has a consensus rating of “Buy” and a consensus target price of $15.36.
Pretium Resources (NYSE:PVG) traded down $0.09 on Monday, hitting $11.40. The stock had a trading volume of 1,443,700 shares, compared to its average volume of 2,153,160. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.74. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53.
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Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in shares of Pretium Resources during the first quarter worth $108,000. World Asset Management Inc purchased a new stake in shares of Pretium Resources during the second quarter worth $102,000. Investment Centers of America Inc. purchased a new stake in shares of Pretium Resources during the second quarter worth $103,000. HM Payson & Co. purchased a new stake in shares of Pretium Resources during the second quarter worth $106,000. Finally, Trexquant Investment LP purchased a new stake in shares of Pretium Resources during the third quarter worth $104,000. Institutional investors and hedge funds own 44.54% of the company’s stock.
Pretium Resources Company Profile
Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.
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