BMO Capital Markets Reiterates “Outperform” Rating for Pretium Resources (PVG)

Pretium Resources (TSE:PVG) (NYSE:PVG)‘s stock had its “outperform” rating reiterated by BMO Capital Markets in a note issued to investors on Thursday. They presently have a C$17.50 price objective on the stock. BMO Capital Markets’ target price indicates a potential upside of 81.72% from the stock’s previous close.

Separately, Canaccord Genuity decreased their price objective on Pretium Resources from C$17.00 to C$16.00 in a research note on Thursday, October 18th.

Shares of TSE PVG opened at C$9.63 on Thursday. The company has a debt-to-equity ratio of 88.21, a current ratio of 0.33 and a quick ratio of 0.30. Pretium Resources has a 1-year low of C$7.93 and a 1-year high of C$14.50.

Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its quarterly earnings data on Thursday, November 8th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.07. The company had revenue of C$143.84 million for the quarter, compared to analysts’ expectations of C$142.18 million. On average, sell-side analysts forecast that Pretium Resources will post 0.829999973766463 EPS for the current year.

In other news, Director Kenneth C. Mcnaughton sold 84,250 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of C$10.41, for a total value of C$877,042.50. Also, insider Tom Yip sold 20,000 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of C$10.05, for a total value of C$201,000.00. Over the last quarter, insiders sold 339,900 shares of company stock valued at $3,473,255.

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.

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