Pretium Resources (PVG) Earns Coverage Optimism Rating of 0.05
Headlines about Pretium Resources (NYSE:PVG) (TSE:PVG) have been trending somewhat positive this week, according to Alpha One. The research firm, a unit of Accern, identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pretium Resources earned a daily sentiment score of 0.05 on Alpha One’s scale. Alpha One also gave news coverage about the basic materials company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have recently issued reports on PVG shares. Credit Suisse Group started coverage on shares of Pretium Resources in a research report on Monday, March 20th. They set an “outperform” rating and a $13.50 price target on the stock. Zacks Investment Research raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Saturday, March 11th. Royal Bank Of Canada raised shares of Pretium Resources from a “sector perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Wednesday, March 8th. Citigroup Inc. reissued a “buy” rating and set a $13.00 price target on shares of Pretium Resources in a research report on Tuesday, June 6th. Finally, Roth Capital set a $16.00 price target on shares of Pretium Resources and gave the stock a “buy” rating in a research report on Saturday, March 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $14.75.
Shares of Pretium Resources (PVG) traded up 1.64% during mid-day trading on Monday, reaching $9.28. 995,798 shares of the company traded hands. The company’s market capitalization is $1.68 billion. Pretium Resources has a 52-week low of $6.82 and a 52-week high of $12.53. The firm’s 50 day moving average price is $9.29 and its 200-day moving average price is $9.81.
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About Pretium Resources
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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