Pretium Resources (PVG) Given New C$18.00 Price Target at Royal Bank of Canada

Pretium Resources (TSE:PVG) (NYSE:PVG) had its price objective reduced by Royal Bank of Canada from C$19.00 to C$18.00 in a research note released on Friday. They currently have an outperform rating on the stock.

A number of other research analysts also recently weighed in on the company. Scotiabank reiterated a sector perform rating and set a C$16.50 price target on shares of Pretium Resources in a report on Saturday, September 23rd. Numis Securities lowered their price target on Pretium Resources from C$20.00 to C$18.00 in a report on Monday, September 25th. Finally, CIBC lifted their price target on Pretium Resources from C$15.75 to C$18.00 and gave the company an outperform rating in a report on Friday, October 13th. Six equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and an average price target of C$18.00.

Shares of Pretium Resources (TSE:PVG) traded up C$0.09 during mid-day trading on Friday, hitting C$13.70. The stock had a trading volume of 295,600 shares, compared to its average volume of 378,727. Pretium Resources has a twelve month low of C$9.73 and a twelve month high of C$16.48. The stock has a market capitalization of $2,490.00, a P/E ratio of -91.33 and a beta of -0.11.

Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its quarterly earnings results on Friday, November 10th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.11).

In related news, Director Christopher Noel Dunn sold 40,000 shares of Pretium Resources stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of C$14.71, for a total transaction of C$588,400.00.

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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 (TSE:PVG)

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