Pretium Resources Inc (PVG) Given Average Recommendation of “Hold” by Analysts
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) has received an average recommendation of “Hold” from the six research firms that are presently covering the firm. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$16.75.
PVG has been the subject of a number of recent analyst reports. Numis Securities Ltd reaffirmed a “buy” rating and set a C$20.00 price target on shares of Pretium Resources in a report on Thursday. CIBC downgraded Pretium Resources from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from C$15.00 to C$15.75 in a report on Wednesday. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$16.50 price target on shares of Pretium Resources in a report on Thursday.
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Pretium Resources (TSE:PVG) traded down 1.25% during mid-day trading on Friday, reaching $14.99. The company had a trading volume of 169,441 shares. Pretium Resources has a 12 month low of $6.00 and a 12 month high of $16.48. The firm’s 50 day moving average price is $13.89 and its 200-day moving average price is $13.12. The company’s market capitalization is $2.69 billion.
About Pretium Resources
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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