Pretium Resources, Inc. (PVG) Price Target Raised to $17.00 at Roth Capital

Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) had its price target hoisted by Roth Capital from $16.00 to $17.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Capital’s target price would indicate a potential upside of 40.38% from the company’s current price.

A number of other brokerages also recently commented on PVG. ValuEngine upgraded Pretium Resources from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded Pretium Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. HC Wainwright restated a “buy” rating and set a $16.50 price target on shares of Pretium Resources in a report on Thursday, August 17th. Scotiabank upgraded Pretium Resources from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Finally, Credit Suisse Group set a $13.00 price objective on Pretium Resources and gave the company a “buy” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.75.

Pretium Resources (NYSE PVG) traded up 25.10% during midday trading on Wednesday, reaching $12.11. 10,180,073 shares of the company’s stock were exchanged. The stock’s market cap is $2.20 billion. The firm’s 50-day moving average is $8.81 and its 200 day moving average is $9.37. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/11/pretium-resources-inc-pvg-price-target-raised-to-17-00-at-roth-capital.html.

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in shares of Pretium Resources in the 1st quarter worth $108,000. World Asset Management Inc acquired a new position in Pretium Resources during the 2nd quarter valued at about $102,000. Investment Centers of America Inc. acquired a new position in Pretiu

A number of other brokerages also recently commented on PVG. ValuEngine upgraded Pretium Resources from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded Pretium Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. HC Wainwright restated a “buy” rating and set a $16.50 price target on shares of Pretium Resources in a report on Thursday, August 17th. Scotiabank upgraded Pretium Resources from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Finally, Credit Suisse Group set a $13.00 price objective on Pretium Resources and gave the company a “buy” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.75.

Pretium Resources (NYSE PVG) traded up 25.10% during midday trading on Wednesday, reaching $12.11. 10,180,073 shares of the company’s stock were exchanged. The stock’s market cap is $2.20 billion. The firm’s 50-day moving average is $8.81 and its 200 day moving average is $9.37. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/11/pretium-resources-inc-pvg-price-target-raised-to-17-00-at-roth-capital.html.

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in shares of Pretium Resources in the 1st quarter worth $108,000. World Asset Management Inc acquired a new position in Pretium Resources during the 2nd quarter valued at about $102,000. Investment Centers of America Inc. acquired a new position in Pretium Resources during the 2nd quarter valued at about $103,000. HM Payson & Co. acquired a new position in Pretium Resources during the 2nd quarter valued at about $106,000. Finally, Virtu Financial LLC acquired a new position in Pretium Resources during the 2nd quarter valued at about $129,000. Institutional investors and hedge funds own 43.25% of the company’s stock.

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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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