Pretium Resources Inc (TSE:PVG) (NYSE:PVG) – Equities researchers at Cormark reduced their Q1 2018 earnings estimates for shares of Pretium Resources in a research report issued on Thursday. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.36 for the quarter, down from their previous estimate of $0.37. Cormark also issued estimates for Pretium Resources’ Q3 2018 earnings at $0.41 EPS and FY2018 earnings at $1.59 EPS.
Several other analysts have also recently issued reports on PVG. Numis Securities Ltd reiterated a “buy” rating and issued a C$22.00 target price on shares of Pretium Resources in a research note on Thursday. CIBC increased their target price on shares of Pretium Resources from C$15.75 to C$18.00 and gave the stock an “outperform” rating in a research note on Friday. Scotiabank upgraded shares of Pretium Resources from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$16.50 to C$17.00 in a research note on Thursday. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$19.50 target price on shares of Pretium Resources in a research note on Wednesday, July 5th. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$18.00.
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Pretium Resources (PVG) opened at 14.98 on Friday. The company’s market capitalization is $2.72 billion. The company has a 50-day moving average of $11.35 and a 200-day moving average of $12.20. Pretium Resources has a 52 week low of $9.17 and a 52 week high of $16.48.
In related news, Director Robert Allan Quartermain purchased 22,800 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of C$10.52 per share, with a total value of C$239,856.00. Also, Director George Nickolas Paspalas sold 50,000 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of C$15.33, for a total transaction of C$766,500.00.
Pretium Resources Company Profile
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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