Pretium Resources (PVG) Downgraded by CIBC
CIBC lowered shares of Pretium Resources (TSE:PVG) (NYSE:PVG) from an outperform rating to a neutral rating in a research note issued to investors on Thursday. CIBC currently has C$14.50 target price on the stock, down from their previous target price of C$18.00.
PVG has been the topic of a number of other research reports. Royal Bank of Canada reduced their target price on Pretium Resources from C$19.00 to C$18.00 and set an outperform rating on the stock in a report on Friday, January 19th. Numis Securities reiterated a buy rating and issued a C$22.00 target price on shares of Pretium Resources in a report on Thursday, October 12th. Finally, Scotiabank upgraded Pretium Resources from a sector perform rating to an outperform rating and lifted their target price for the company from C$16.50 to C$17.00 in a report on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of C$16.88.
Pretium Resources (PVG) opened at C$9.42 on Thursday. Pretium Resources has a fifty-two week low of C$9.17 and a fifty-two week high of C$16.48. The firm has a market capitalization of $1,720.00, a price-to-earnings ratio of -62.80 and a beta of -0.11.
In related news, Director Nicole Adshead-Bell acquired 5,700 shares of Pretium Resources stock in a transaction on Wednesday, January 24th. The shares were bought at an average price of C$10.38 per share, for a total transaction of C$59,166.00. Also, Director Christopher Noel Dunn sold 40,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of C$14.71, for a total value of C$588,400.00.
ILLEGAL ACTIVITY WARNING: This news story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2018/01/29/pretium-resources-pvg-downgraded-by-cibc.html.
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.
Receive News & Ratings for Pretium Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources and related companies with MarketBeat.com's FREE daily email newsletter.