Pretium Resources Inc (NYSE:PVG) (TSE:PVG) – Stock analysts at Cormark raised their FY2018 EPS estimates for shares of Pretium Resources in a research note issued to investors on Monday, November 12th, according to Zacks Investment Research. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.69 per share for the year, up from their prior estimate of $0.64.

A number of other equities research analysts also recently commented on the company. ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. HC Wainwright set a $15.00 price objective on Pretium Resources and gave the company a “buy” rating in a research report on Friday, November 9th. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Thursday, November 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Pretium Resources in a research report on Sunday, October 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.44.

Shares of NYSE:PVG traded up $0.22 during midday trading on Wednesday, reaching $7.39. The company’s stock had a trading volume of 1,349,859 shares, compared to its average volume of 1,280,935. The company has a market cap of $1.32 billion, a P/E ratio of 73.90 and a beta of -0.05. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16. Pretium Resources has a 1 year low of $6.17 and a 1 year high of $11.90.

Pretium Resources (NYSE:PVG) (TSE:PVG) last announced its quarterly earnings data on Thursday, November 8th. The basic materials company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. The business had revenue of $110.06 million during the quarter, compared to the consensus estimate of $109.70 million. Pretium Resources had a return on equity of 10.62% and a net margin of 6.85%.

A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its holdings in Pretium Resources by 14.8% in the second quarter. Van ECK Associates Corp now owns 22,825,820 shares of the basic materials company’s stock valued at $167,542,000 after acquiring an additional 2,937,669 shares during the last quarter. Letko Brosseau & Associates Inc. boosted its holdings in Pretium Resources by 50.1% in the third quarter. Letko Brosseau & Associates Inc. now owns 12,917,800 shares of the basic materials company’s stock valued at $98,138,000 after acquiring an additional 4,310,900 shares during the last quarter. Bank of Montreal Can boosted its holdings in Pretium Resources by 17.3% in the third quarter. Bank of Montreal Can now owns 8,232,651 shares of the basic materials company’s stock valued at $62,650,000 after acquiring an additional 1,214,100 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Pretium Resources in the third quarter valued at $41,137,000. Finally, Vanguard Group Inc. boosted its holdings in Pretium Resources by 4.2% in the third quarter. Vanguard Group Inc. now owns 4,169,165 shares of the basic materials company’s stock valued at $31,727,000 after acquiring an additional 167,215 shares during the last quarter. Hedge funds and other institutional investors own 55.00% of the company’s stock.

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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Earnings History and Estimates for Pretium Resources (NYSE:PVG)

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