Pretium Resources (PVG) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Pretium Resources (NYSE:PVG) (TSE:PVG) posted its quarterly earnings data on Thursday. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04, Fidelity Earnings reports. The business had revenue of $110.06 million during the quarter, compared to analyst estimates of $109.70 million. Pretium Resources had a return on equity of 8.67% and a net margin of 3.22%.
Shares of NYSE:PVG traded up $0.26 during trading on Friday, hitting $7.54. The company had a trading volume of 2,513,980 shares, compared to its average volume of 1,806,672. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 75.40 and a beta of 0.25. Pretium Resources has a one year low of $6.17 and a one year high of $11.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.36.
PVG has been the subject of several analyst reports. HC Wainwright set a $15.00 price objective on Pretium Resources and gave the company a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research note on Tuesday, July 17th. Citigroup lowered their price objective on Pretium Resources from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, August 29th. Canaccord Genuity reaffirmed a “buy” rating on shares of Pretium Resources in a research note on Sunday, October 21st. Finally, ValuEngine raised Pretium Resources from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Pretium Resources presently has an average rating of “Buy” and a consensus target price of $12.55.
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Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.
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