Pretium Resources (PVG) Price Target Cut to C$17.50 by Analysts at Cormark
Pretium Resources (TSE:PVG) (NYSE:PVG) had its target price cut by equities research analysts at Cormark from C$19.00 to C$17.50 in a research note issued to investors on Friday. Cormark’s price objective points to a potential upside of 86.97% from the company’s current price.
Several other equities research analysts also recently issued reports on PVG. Canaccord Genuity decreased their price objective on shares of Pretium Resources from C$17.00 to C$16.00 in a research note on Thursday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a C$17.50 price objective on shares of Pretium Resources in a research note on Thursday.
PVG stock traded down C$0.27 on Friday, hitting C$9.36. 1,272,159 shares of the company were exchanged, compared to its average volume of 1,239,510. Pretium Resources has a twelve month low of C$7.93 and a twelve month high of C$14.50. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 88.21.
In other Pretium Resources news, Director Kenneth C. Mcnaughton sold 84,250 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of C$10.41, for a total transaction of C$877,042.50. Also, Director Robert Allan Quartermain sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of C$9.80, for a total transaction of C$490,000.00. Over the last quarter, insiders have sold 339,900 shares of company stock valued at $3,473,255.
Pretium Resources Company Profile
Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.
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