Pretium Resources Inc (PVG) Receives C$16.88 Average Target Price from Analysts

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$16.88.

PVG has been the topic of several recent analyst reports. Royal Bank of Canada cut their price objective on shares of Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Scotiabank downgraded shares of Pretium Resources from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$19.00 to C$17.75 in a research report on Wednesday, January 24th. Finally, CIBC downgraded shares of Pretium Resources from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$18.00 to C$14.50 in a research report on Thursday, January 25th.

In other Pretium Resources news, Director Nicole Adshead-Bell bought 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was purchased at an average price of C$10.38 per share, with a total value of C$59,166.00. Also, Director Robert Allan Quartermain bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average cost of C$8.96 per share, with a total value of C$44,800.00.

Shares of Pretium Resources (TSE:PVG) traded down C$0.02 during mid-day trading on Tuesday, hitting C$8.87. 170,035 shares of the stock traded hands, compared to its average volume of 876,697. The stock has a market cap of $1,610.00, a price-to-earnings ratio of -59.27 and a beta of -0.38. Pretium Resources has a 1-year low of C$8.03 and a 1-year high of C$15.52.

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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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