Pretium Resources (TSE:PVG) Stock Crosses Above 200 Day Moving Average of $0.00

Pretium Resources Inc. (TSE:PVG) (NYSE:PVG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.00 and traded as high as C$13.09. Pretium Resources shares last traded at C$12.71, with a volume of 274,235 shares changing hands.

PVG has been the topic of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a C$16.00 price target on shares of Pretium Resources in a research report on Wednesday, June 2nd. National Bank Financial upped their price target on shares of Pretium Resources to C$16.50 and gave the stock a “sector perform” rating in a research report on Thursday, May 20th. CIBC reiterated a “neutral” rating and set a C$16.00 price target on shares of Pretium Resources in a research report on Wednesday, May 5th. Finally, National Bankshares boosted their price objective on Pretium Resources from C$16.00 to C$16.50 and gave the stock a “sector perform” rating in a report on Thursday, May 20th. Five equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of C$16.13.

The stock has a 50 day moving average of C$13.73. The company has a debt-to-equity ratio of 32.59, a current ratio of 1.06 and a quick ratio of 0.95. The firm has a market capitalization of C$2.41 billion and a price-to-earnings ratio of -89.65.

Pretium Resources (TSE:PVG) (NYSE:PVG) last posted its earnings results on Tuesday, May 4th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.26 by C($0.08). The company had revenue of C$180.37 million during the quarter, compared to analyst estimates of C$206.50 million. As a group, analysts forecast that Pretium Resources Inc. will post 0.94 EPS for the current fiscal year.

About Pretium Resources (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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