Pretium Resources (PVG) Trading Up -2.5%

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) shares were up 2.5% during trading on Friday . The company traded as high as C$13.46 and last traded at C$13.06. Approximately 449,379 shares changed hands during trading, an increase of 7% from the average daily volume of 419,318 shares. The stock had previously closed at C$13.40.

A number of research analysts have commented on PVG shares. Numis Securities reduced their target price on Pretium Resources from C$20.00 to C$18.00 in a report on Monday, September 25th. CIBC increased their target price on Pretium Resources from C$15.75 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. Finally, Scotiabank raised Pretium Resources from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$16.50 to C$17.00 in a report on Thursday, October 12th. Six equities research analysts have rated the stock with a buy rating, Pretium Resources presently has an average rating of “Buy” and an average price target of C$18.00.

The stock has a market capitalization of $2,530.00, a PE ratio of -92.73 and a beta of -0.11.

In other news, Director Christopher Noel Dunn sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of C$14.71, for a total transaction of C$588,400.00.

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Pretium Resources Company Profile

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.

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