Pretium Resources (PVG) Given New C$15.50 Price Target at BMO Capital Markets

Pretium Resources (TSE:PVG) (NYSE:PVG) had its price objective reduced by equities research analysts at BMO Capital Markets from C$17.50 to C$15.50 in a report released on Monday. BMO Capital Markets’ target price would indicate a potential upside of 64.89% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Canaccord Genuity dropped their price target on Pretium Resources from C$17.00 to C$16.00 in a research report on Thursday, October 18th. Cormark dropped their price target on Pretium Resources from C$19.00 to C$17.50 in a research report on Friday.

TSE:PVG traded up C$0.09 during trading hours on Monday, hitting C$9.40. 647,899 shares of the stock were exchanged, compared to its average volume of 1,235,663. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 88.21. Pretium Resources has a 52-week low of C$7.93 and a 52-week high of C$14.50.

Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its quarterly earnings results on Thursday, November 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.07. The company had revenue of C$143.84 million during the quarter, compared to analysts’ expectations of C$142.18 million. On average, sell-side analysts expect that Pretium Resources will post 0.709999948904408 earnings per share for the current fiscal year.

In related news, Director Robert Allan Quartermain sold 50,000 shares of the company’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 value of C$490,000.00. Also, insider Tom Yip sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of C$10.05, for a total value of C$201,000.00. Insiders sold 339,900 shares of company stock valued at $3,473,255 over the last 90 days.

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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