George Nickolas Paspalas Sells 25,000 Shares of Pretium Resources (PVG) Stock

Pretium Resources (TSE:PVG) (NYSE:PVG) Director George Nickolas Paspalas sold 25,000 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of C$9.00, for a total transaction of C$225,000.00.

Pretium Resources opened at C$9.01 on Friday, MarketBeat Ratings reports. Pretium Resources has a 52 week low of C$7.93 and a 52 week high of C$15.52.

Pretium Resources (TSE:PVG) (NYSE:PVG) last released its quarterly earnings results on Thursday, March 8th. The company reported C$0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.01 by C$0.08. Pretium Resources had a negative net margin of 9.84% and a negative return on equity of 3.31%. The business had revenue of C$135.97 million for the quarter, compared to the consensus estimate of C$111.78 million.

Several equities analysts recently commented on PVG shares. Royal Bank of Canada decreased their price target on shares of Pretium Resources from C$18.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Scotiabank set a C$17.75 price target on shares of Pretium Resources and gave the company a “sector perform” rating in a research note on Tuesday, February 27th. Finally, CIBC downgraded shares of Pretium Resources from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$18.00 to C$14.50 in a research note on Thursday, January 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$17.10.

Pretium Resources Company Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

Insider Buying and Selling by Quarter for Pretium Resources (TSE:PVG)

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