Pretium Resources (TSE:PVG) PT Raised to C$15.50 at CIBC

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Pretium Resources (TSE:PVG) (NYSE:PVG) had its target price hoisted by CIBC from C$12.00 to C$15.50 in a report released on Monday, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada restated an underperform rating and issued a GBX 215 ($2.81) price objective on shares of in a research note on Wednesday, June 26th. Cormark raised their price objective on shares of Pretium Resources from C$15.50 to C$16.00 in a research note on Friday, April 5th.

Shares of PVG stock opened at C$14.95 on Monday. Pretium Resources has a 12 month low of C$8.59 and a 12 month high of C$15.00. The company has a debt-to-equity ratio of 69.41, a quick ratio of 0.47 and a current ratio of 0.68. The company’s 50 day moving average is C$12.95. The firm has a market capitalization of $2.70 billion and a P/E ratio of 57.72.

Pretium Resources (TSE:PVG) (NYSE:PVG) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.01. The company had revenue of C$137.10 million for the quarter, compared to analyst estimates of C$126.61 million. On average, sell-side analysts expect that Pretium Resources will post 0.91 earnings per share for the current fiscal year.

In other news, Director Joseph J. Ovsenek sold 39,825 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$10.80, for a total value of C$430,098.05. Following the sale, the director now owns 130,575 shares in the company, valued at C$1,410,170.83.

Pretium Resources Company Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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