Pretium Resources (TSE:PVG) Shares Cross Above 200-Day Moving Average of $13.06

Shares of Pretium Resources Inc (TSE:PVG) (NYSE:PVG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.06 and traded as high as $15.63. Pretium Resources shares last traded at $15.55, with a volume of 275,075 shares traded.

Several brokerages have weighed in on PVG. Royal Bank of Canada increased their target price on shares of Pretium Resources from C$12.00 to C$14.00 in a research note on Wednesday, June 26th. HC Wainwright reaffirmed a “buy” rating on shares of Pretium Resources in a research note on Monday, August 19th. CIBC increased their target price on shares of Pretium Resources from C$12.00 to C$15.50 in a research note on Monday, July 15th. Finally, Canaccord Genuity increased their target price on shares of Pretium Resources from C$17.50 to C$17.75 in a research note on Friday, July 19th.

The firm has a market cap of $2.81 billion and a price-to-earnings ratio of 103.53. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 63.92. The company’s 50-day moving average price is C$16.55 and its 200-day moving average price is C$13.06.

Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.08 by C$0.04. The business had revenue of C$151.43 million for the quarter, compared to analyst estimates of C$144.80 million. On average, sell-side analysts predict that Pretium Resources Inc will post 1.2000001 earnings per share for the current fiscal year.

In related news, Director Kenneth C. Mcnaughton sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$17.82, for a total value of C$3,563,180.00. Following the sale, the director now owns 100,500 shares of the company’s stock, valued at C$1,790,497.95. Also, Director George Nickolas Paspalas sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$17.95, for a total transaction of C$897,500.00. Following the completion of the sale, the director now directly owns 37,646 shares in the company, valued at approximately C$675,745.70. Insiders have sold 428,100 shares of company stock worth $7,385,624 in the last three months.

Pretium Resources Company Profile (TSE:PVG)

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

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