Roth Capital Reiterates $17.00 Price Target for Pretium Resources, Inc. (PVG)

Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) has been assigned a $17.00 price objective by Roth Capital in a report released on Monday. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Capital’s price objective would indicate a potential upside of 62.99% from the stock’s current price.

Several other equities research analysts also recently commented on PVG. Zacks Investment Research raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. HC Wainwright reissued a “buy” rating and set a $16.50 target price on shares of Pretium Resources in a research report on Thursday, August 17th. ValuEngine raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. UBS AG raised shares of Pretium Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 12th. Finally, Credit Suisse Group set a $13.00 target price on shares of Pretium Resources and gave the stock a “buy” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Pretium Resources currently has a consensus rating of “Buy” and an average target price of $15.36.

Shares of Pretium Resources (NYSE PVG) opened at $10.43 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 0.81. Pretium Resources has a 52-week low of $6.82 and a 52-week high of $12.53.

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A number of hedge funds have recently modified their holdings of the business. Stifel Financial Corp grew its position in Pretium Resources by 68.7% in the 3rd quarter. Stifel Financial Corp now owns 31,910 shares of the basic materials company’s stock worth $296,000 after purchasing an additional 12,992 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Pretium Resources in the 3rd quarter worth about $140,000. Investment Centers of America Inc. grew its position in Pretium Resources by 55.8% in the 3rd quarter. Investment Centers of America Inc. now owns 16,750 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 6,000 shares in the last quarter. Commonwealth Bank of Australia grew its position in Pretium Resources by 4.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 2,816,000 shares of the basic materials company’s stock worth $26,086,000 after purchasing an additional 124,100 shares in the last quarter. Finally, Investec Asset Management LTD grew its position in Pretium Resources by 69.5% in the 3rd quarter. Investec Asset Management LTD now owns 480,267 shares of the basic materials company’s stock worth $4,435,000 after purchasing an additional 196,982 shares in the last quarter. 44.54% of the stock is owned by institutional investors and hedge funds.

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 (NYSE:PVG)

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