CIBC Boosts Pretium Resources (PVG) Price Target to C$11.50
Several other research analysts have also weighed in on the stock. BMO Capital Markets reiterated an outperform rating and set a C$17.50 price objective on shares of Pretium Resources in a report on Thursday, January 10th. Canaccord Genuity cut their price objective on shares of Pretium Resources from C$17.00 to C$16.00 in a report on Thursday, October 18th. Finally, Cormark cut their price objective on shares of Pretium Resources from C$19.00 to C$17.50 in a report on Friday, January 11th.
Pretium Resources stock opened at C$9.03 on Monday. Pretium Resources has a 12-month low of C$7.93 and a 12-month high of C$12.87. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 88.21.
In related news, Director Robert Allan Quartermain sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of C$9.80, for a total value of C$490,000.00. Also, insider Michelle Ann Romero sold 13,900 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of C$10.11, for a total transaction of C$140,529.00. Over the last quarter, insiders have sold 339,900 shares of company stock worth $3,473,255.
About Pretium Resources
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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