Pretium Resources (TSE:PVG) Stock Passes Above 200-Day Moving Average of $14.20

Pretium Resources Inc. (TSE:PVG) (NYSE:PVG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.20 and traded as high as C$18.15. Pretium Resources shares last traded at C$18.07, with a volume of 895,705 shares.

PVG has been the subject of several analyst reports. cut Pretium Resources to a “hold” rating and set a C$18.50 target price for the company. in a research note on Monday, November 15th. Scotiabank upped their price objective on Pretium Resources from C$13.50 to C$18.50 in a research report on Tuesday, November 9th. National Bankshares cut Pretium Resources from an “outperform” rating to a “tender” rating and upped their price objective for the stock from C$16.50 to C$18.50 in a research report on Tuesday, November 9th. HC Wainwright reaffirmed a “buy” rating and set a C$16.00 price objective on shares of Pretium Resources in a research report on Wednesday, November 10th. Finally, Cormark reaffirmed a “sector perform” rating on shares of Pretium Resources in a research report on Thursday, November 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Pretium Resources presently has an average rating of “Hold” and a consensus target price of C$16.81.

The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 23.27. The firm has a market capitalization of C$3.40 billion and a PE ratio of -72.86. The company has a fifty day moving average price of C$17.60 and a two-hundred day moving average price of C$14.20.

Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its earnings results on Thursday, November 11th. The company reported C$0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.16. The firm had revenue of C$184.88 million during the quarter. As a group, equities research analysts predict that Pretium Resources Inc. will post 1.0599999 earnings per share for the current year.

Pretium Resources Company Profile (TSE:PVG)

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interests in the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,306 hectares located in northwestern British Columbia.

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