Pretium Resources Inc. (NYSE:PVG) Receives Consensus Rating of “Hold” from Analysts

Shares of Pretium Resources Inc. (NYSE:PVGGet Rating) (TSE:PVG) have received an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.67.

Several analysts have weighed in on PVG shares. StockNews.com started coverage on Pretium Resources in a report on Monday. They issued a “hold” rating on the stock. Zacks Investment Research raised Pretium Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 18th.

A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in Pretium Resources by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 20,779,068 shares of the basic materials company’s stock worth $200,311,000 after purchasing an additional 366,566 shares during the period. Morgan Stanley increased its stake in Pretium Resources by 1.3% in the 2nd quarter. Morgan Stanley now owns 8,781,544 shares of the basic materials company’s stock worth $83,951,000 after purchasing an additional 113,807 shares during the period. Mackenzie Financial Corp increased its stake in Pretium Resources by 4.2% in the 3rd quarter. Mackenzie Financial Corp now owns 4,965,867 shares of the basic materials company’s stock worth $47,948,000 after purchasing an additional 202,036 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of Pretium Resources by 65.0% during the third quarter. Jupiter Asset Management Ltd. now owns 3,864,255 shares of the basic materials company’s stock valued at $37,122,000 after purchasing an additional 1,522,309 shares in the last quarter. Finally, Segantii Capital Management Ltd purchased a new position in Pretium Resources during the fourth quarter valued at $49,072,000. 55.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE PVG opened at $15.05 on Tuesday. Pretium Resources has a 52 week low of $8.29 and a 52 week high of $15.65. The business has a 50-day moving average of $14.76. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.83 billion, a P/E ratio of -94.06 and a beta of 0.81.

Pretium Resources Company Profile (Get Rating)

Pretium Resources, Inc engages in the acquisition, exploration, development and operation of gold and precious metals resource properties. Its projects include Snowfield and Brucejack which are located in British Columbia. The company was founded by Robert Allan Quartermain in 2010 and is headquartered in Vancouver, Canada.

Further Reading

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