Traders Purchase High Volume of Pretium Resources Call Options (PVG)
Pretium Resources Inc (NYSE:PVG) (TSE:PVG) was the recipient of unusually large options trading activity on Monday. Investors acquired 15,822 call options on the company. This represents an increase of 1,322% compared to the typical volume of 1,113 call options.
A number of equities research analysts have recently weighed in on PVG shares. ValuEngine lowered shares of Pretium Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. HC Wainwright restated a “buy” rating and issued a $15.00 price objective on shares of Pretium Resources in a report on Friday, May 11th. Finally, Zacks Investment Research lowered shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.88.
NYSE:PVG opened at $8.66 on Tuesday. Pretium Resources has a 52 week low of $6.17 and a 52 week high of $12.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.26 and a quick ratio of 0.20. The firm has a market cap of $1.69 billion, a P/E ratio of 22.54 and a beta of -0.20.
Large investors have recently bought and sold shares of the stock. LPL Financial LLC bought a new stake in Pretium Resources during the 4th quarter valued at $141,000. Private Advisor Group LLC bought a new stake in Pretium Resources during the 2nd quarter valued at $108,000. Natixis bought a new stake in Pretium Resources during the 1st quarter valued at $165,000. Quantitative Systematic Strategies LLC bought a new stake in Pretium Resources during the 2nd quarter valued at $177,000. Finally, Quantbot Technologies LP bought a new stake in Pretium Resources during the 1st quarter valued at $297,000. Institutional investors own 51.37% of the company’s stock.
About Pretium Resources
Pretium Resources, Inc engages in the acquisition, exploration, and development of gold and precious metals resource properties. Its projects include Snowfield and Brucejack which are located in British Columbia. The company was founded by Robert Allan Quartermain on October 22, 2010 and is headquartered in Vancouver, Canada.
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