Pretium Resources (PVG) Earning Somewhat Favorable Press Coverage, Accern Reports

Media headlines about Pretium Resources (NYSE:PVG) (TSE:PVG) have trended somewhat positive on Sunday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pretium Resources earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.3553975558188 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Pretium Resources (NYSE PVG) traded up 2.58% on Friday, reaching $11.13. 1,251,602 shares of the company’s stock were exchanged. Pretium Resources has a one year low of $6.82 and a one year high of $12.53. The company has a 50 day moving average price of $9.91 and a 200 day moving average price of $9.43. The firm’s market cap is $2.02 billion.

Several research analysts recently weighed in on the stock. BidaskClub cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. HC Wainwright restated a “buy” rating and issued a $16.50 price objective on shares of Pretium Resources in a research report on Thursday, August 17th. Roth Capital upped their price objective on shares of Pretium Resources from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Citigroup Inc. restated a “buy” rating on shares of Pretium Resources in a research report on Wednesday, September 6th. Finally, Zacks Investment Research cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.36.

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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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