Shares of Pretium Resources Inc (TSE:PVG) have been given an average rating of “Buy” by the nine brokerages that are covering the company. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$13.91.
In related news, Director Ross Andrew Mitchell sold 27,500 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of C$15.37, for a total value of C$422,675.00.
A number of equities analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Pretium Resources from C$11.00 to C$12.00 in a research report on Monday, April 11th. Scotiabank restated a “sector perform” rating and set a C$10.00 price objective on shares of Pretium Resources in a research report on Friday, May 13th. Canaccord Genuity upped their price objective on shares of Pretium Resources from C$15.50 to C$17.00 and gave the stock a “speculative buy” rating in a research report on Thursday, July 21st. Finally, Numis Securities Ltd upped their price objective on shares of Pretium Resources from C$13.00 to C$14.00 in a research report on Wednesday, April 27th.
Shares of Pretium Resources (TSE:PVG) traded up 4.73% during midday trading on Wednesday, reaching $14.83. 422,919 shares of the company were exchanged. The firm has a 50-day moving average of $13.54 and a 200 day moving average of $9.32. The firm’s market capitalization is $2.64 billion. Pretium Resources has a 52 week low of $5.74 and a 52 week high of $16.17.
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.
