Scotiabank Cuts Pretium Resources (PVG) Price Target to C$15.50
Pretium Resources (TSE:PVG) (NYSE:PVG) had its price objective lowered by equities research analysts at Scotiabank from C$17.75 to C$15.50 in a note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 73.96% from the stock’s current price.
Several other research analysts also recently issued reports on the company. Royal Bank of Canada cut their price target on Pretium Resources from C$18.00 to C$14.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. CIBC downgraded Pretium Resources from an “outperform” rating to a “neutral” rating and cut their price target for the stock from C$18.00 to C$14.50 in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Pretium Resources has an average rating of “Buy” and a consensus target price of C$16.50.
Pretium Resources (PVG) opened at C$8.91 on Friday. The stock has a market capitalization of $1,620.00, a price-to-earnings ratio of -55.69 and a beta of -0.29. Pretium Resources has a one year low of C$7.93 and a one year high of C$15.52.
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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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