Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a research report issued on Thursday. They presently have a $16.50 price target on the basic materials company’s stock. HC Wainwright’s price objective would indicate a potential upside of 92.53% from the stock’s current price.

The analysts wrote, “Analyst Visit; New Mine Is Going Strong; Maintain Buy Stock Data 08/16/2017 Price $8.28 Exchange NYSE Price Target $16.50 52-Week High $12.53 52-Week Low $6.82 Enterprise Value (M) $2,135.8 Market Cap (M) $1,501 Public Market Float (M) 179.7 Shares Outstanding (M) 181.3 3 Month Avg Volume 1,430,590 Short Interest (M) 12.28 Balance Sheet Metrics Cash (M) $55.31 Total Debt (M) $689.88 Total Cash/Share $0.31 General: all figures in US$ unless otherwise noted. EPS Diluted Full Year – Dec 2016A 2017E 2018E FY (0.35) 0.04 0.49 Revenue ($M) Full Year – Dec 2016A 2017E 2018E FY 0.0 145.7 472.4 14 12 10 8 6 AUG- 16 DEC- 16 APR- 17 AUG- 17 12 10 8 6 4 2 0 Vol. (mil) Price Continuing coverage under the name H.C. Wainwright & Co. with a Buy rating. Effective August 14, 2017, research in the above titled name will now be published under H.C. Wainwright & Co. and no longer distributed in conjunction with ‘Rodman & Renshaw, a unit of H.C.””

A number of other equities research analysts also recently issued reports on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $13.00 price target on shares of Pretium Resources in a research note on Tuesday, June 6th. Zacks Investment Research downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. BidaskClub downgraded shares of Pretium Resources from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, Credit Suisse Group set a $13.00 price target on shares of Pretium Resources and gave the company a “buy” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Pretium Resources currently has an average rating of “Hold” and a consensus target price of $14.93.

Pretium Resources (NYSE:PVG) opened at 8.57 on Thursday. Pretium Resources has a 12-month low of $6.82 and a 12-month high of $12.53. The company’s 50 day moving average is $9.28 and its 200 day moving average is $9.88. The company’s market cap is $1.55 billion.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/19/pretium-resources-pvg-buy-rating-reiterated-at-hc-wainwright.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of PVG. World Asset Management Inc purchased a new position in Pretium Resources during the second quarter worth $102,000. Investment Centers of America Inc. purchased a new position in Pretium Resources during the second quarter worth $103,000. HM Payson & Co. purchased a new position in Pretium Resources during the second quarter worth $106,000. Bank of New York Mellon Corp purchased a new position in Pretium Resources during the first quarter worth $108,000. Finally, Timber Hill LLC purchased a new position in Pretium Resources during the first quarter worth $117,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

Receive News & Stock Ratings for Pretium Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources Inc. and related stocks with our FREE daily email newsletter.