Pretium Resources (PVG) Given a $15.00 Price Target at HC Wainwright

HC Wainwright set a $15.00 price objective on Pretium Resources (NYSE:PVG) (TSE:PVG) in a research report released on Friday morning. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other analysts have also commented on PVG. ValuEngine lowered Pretium Resources from a hold rating to a sell rating in a report on Monday, July 16th. Zacks Investment Research raised Pretium Resources from a hold rating to a buy rating and set a $9.50 target price on the stock in a report on Tuesday, July 17th. Citigroup dropped their target price on Pretium Resources from $13.00 to $12.00 and set a buy rating on the stock in a report on Wednesday, August 29th. Finally, Canaccord Genuity reaffirmed a buy rating on shares of Pretium Resources in a report on Sunday, October 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $12.55.

Shares of PVG stock traded up $0.26 during mid-day trading on Friday, reaching $7.54. The stock had a trading volume of 2,513,980 shares, compared to its average volume of 1,806,672. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.36 and a current ratio of 0.40. The firm has a market capitalization of $1.33 billion, a PE ratio of 75.40 and a beta of 0.25. Pretium Resources has a 1-year low of $6.17 and a 1-year high of $11.90.

Pretium Resources (NYSE:PVG) (TSE:PVG) last announced its quarterly earnings data on Thursday, November 8th. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $110.06 million for the quarter, compared to analyst estimates of $109.70 million. Pretium Resources had a return on equity of 8.67% and a net margin of 3.22%. Sell-side analysts forecast that Pretium Resources will post 0.56 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in Pretium Resources during the second quarter worth about $108,000. Boenning & Scattergood Inc. acquired a new stake in Pretium Resources during the third quarter worth about $119,000. Seven Eight Capital LP acquired a new stake in Pretium Resources during the third quarter worth about $130,000. Quantitative Systematic Strategies LLC acquired a new stake in Pretium Resources during the second quarter worth about $177,000. Finally, LPL Financial LLC grew its holdings in Pretium Resources by 97.1% in the first quarter. LPL Financial LLC now owns 24,310 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 11,977 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

About Pretium Resources

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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