Pretium Resources Inc (PVG) Trading Up -8%
Shares of Pretium Resources Inc (TSE:PVG) (NYSE:PVG) were up 8% during trading on Tuesday . The company traded as high as C$14.56 and last traded at C$13.30. Approximately 1,181,850 shares changed hands during mid-day trading, an increase of 127% from the average daily volume of 520,094 shares. The stock had previously closed at C$14.46.
A number of analysts recently commented on PVG shares. CIBC boosted their target price on Pretium Resources from C$15.75 to C$18.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. Scotiabank set a C$16.50 target price on Pretium Resources and gave the company a “sector perform” rating in a research report on Tuesday, August 8th. Finally, Numis Securities Ltd decreased their target price on Pretium Resources from C$20.00 to C$18.00 in a research report on Monday, September 25th. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$18.00.
In related news, Director Robert Allan Quartermain acquired 22,800 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of C$10.52 per share, with a total value of C$239,856.00. Also, Director George Nickolas Paspalas sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of C$15.33, for a total value of C$766,500.00.
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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