Pretium Resources Inc (PVG) Receives Average Recommendation of “Buy” from Analysts

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) has earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$18.00.

Several equities research analysts recently weighed in on PVG shares. Numis Securities Ltd cut their price objective on shares of Pretium Resources from C$20.00 to C$18.00 in a research report on Monday, September 25th. CIBC upped their price objective on shares of Pretium Resources from C$15.75 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Finally, Scotiabank raised shares of Pretium Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$16.50 to C$17.00 in a research report on Thursday, October 12th.

Shares of Pretium Resources (TSE PVG) opened at C$14.40 on Friday.

In other news, Director George Nickolas Paspalas sold 50,000 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of C$15.33, for a total value of C$766,500.00. Also, Director Robert Allan Quartermain sold 29,700 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of C$14.90, for a total transaction of C$442,530.00.

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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.

Analyst Recommendations for Pretium Resources (TSE:PVG)

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