Shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) were up 11% during mid-day trading on Tuesday . The stock traded as high as $8.20 and last traded at $8.05. Approximately 3,641,900 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 2,417,300 shares. The stock had previously closed at $7.25.

Several analysts recently issued reports on PVG shares. BMO Capital Markets reissued a “buy” rating on shares of Pretium Resources in a report on Monday, January 14th. CIBC reissued a “hold” rating on shares of Pretium Resources in a report on Thursday, January 10th. HC Wainwright reissued a “buy” rating and issued a $16.00 price target on shares of Pretium Resources in a report on Tuesday, December 18th. Royal Bank of Canada reissued a “buy” rating on shares of Pretium Resources in a report on Wednesday, January 23rd. Finally, ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Pretium Resources currently has an average rating of “Buy” and a consensus price target of $12.44.

The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.42 billion, a P/E ratio of 14.76 and a beta of -0.31.

Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its earnings results on Thursday, February 14th. The basic materials company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Pretium Resources had a return on equity of 11.40% and a net margin of 8.06%. The firm had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $112.10 million. As a group, research analysts forecast that Pretium Resources Inc will post 0.72 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its position in Pretium Resources by 4.2% in the 4th quarter. Legal & General Group Plc now owns 39,954 shares of the basic materials company’s stock valued at $338,000 after acquiring an additional 1,607 shares during the period. HM Payson & Co. increased its position in shares of Pretium Resources by 11.7% during the 3rd quarter. HM Payson & Co. now owns 17,200 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 1,800 shares during the period. Advisor Group Inc. increased its position in shares of Pretium Resources by 41.1% during the 4th quarter. Advisor Group Inc. now owns 6,665 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 1,940 shares during the period. Trust Co. of Vermont acquired a new position in shares of Pretium Resources during the 4th quarter valued at $29,000. Finally, Boenning & Scattergood Inc. increased its position in shares of Pretium Resources by 28.8% during the 4th quarter. Boenning & Scattergood Inc. now owns 20,100 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 53.10% of the company’s stock.

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Pretium Resources Company Profile (NYSE:PVG)

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.

Further Reading: Cost of Goods Sold (COGS)

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