FY2016 EPS Estimates for Pretium Resources Inc. (PVG) Lowered by Analyst
Pretium Resources Inc. (NYSE:PVG) – Investment analysts at Roth Capital dropped their FY2016 EPS estimates for shares of Pretium Resources in a report released on Sunday. Roth Capital analyst J. Reagor now forecasts that the brokerage will post earnings per share of ($0.32) for the year, down from their previous estimate of ($0.27).
Separately, Zacks Investment Research lowered Pretium Resources from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.38.
Pretium Resources (NYSE:PVG) opened at 8.94 on Wednesday. The company has a 50 day moving average price of $9.65 and a 200 day moving average price of $9.87. The stock’s market cap is $1.60 billion. Pretium Resources has a 52 week low of $4.00 and a 52 week high of $12.41.
Several institutional investors have recently modified their holdings of PVG. Tower Research Capital LLC TRC increased its stake in shares of Pretium Resources by 15.3% in the third quarter. Tower Research Capital LLC TRC now owns 11,419 shares of the company’s stock valued at $117,000 after buying an additional 1,519 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of Pretium Resources during the third quarter valued at $120,000. IFP Advisors Inc increased its stake in shares of Pretium Resources by 1,343.5% in the second quarter. IFP Advisors Inc now owns 13,136 shares of the company’s stock valued at $147,000 after buying an additional 12,226 shares during the period. Legal & General Group Plc increased its stake in shares of Pretium Resources by 91.0% in the second quarter. Legal & General Group Plc now owns 17,000 shares of the company’s stock valued at $189,000 after buying an additional 8,100 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Pretium Resources by 30.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 17,362 shares of the company’s stock valued at $194,000 after buying an additional 4,007 shares during the period. 43.06% of the stock is currently owned by institutional investors.
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.
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