Pretium Resources (PVG) PT Set at C$19.35 by B. Riley

Pretium Resources (TSE:PVG) (NYSE:PVG) received a C$19.35 target price from stock analysts at B. Riley in a research report issued on Friday. The firm currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 81.01% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Alliance Global Partners cut their target price on shares of Pretium Resources from C$14.65 to C$12.25 in a research note on Tuesday, February 19th. BMO Capital Markets cut their target price on shares of Pretium Resources from C$17.50 to C$15.50 in a research note on Monday, January 14th. CIBC upped their target price on shares of Pretium Resources from C$11.00 to C$11.50 in a research note on Monday, January 21st. HC Wainwright upped their target price on shares of Pretium Resources from C$16.00 to C$16.50 in a research note on Tuesday, February 19th. Finally, Royal Bank of Canada cut their target price on shares of Pretium Resources from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 23rd.

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PVG traded up C$0.03 during trading hours on Friday, hitting C$10.69. 319,310 shares of the company’s stock were exchanged, compared to its average volume of 762,351. Pretium Resources has a 12-month low of C$8.07 and a 12-month high of C$12.87. The company has a market cap of $1.96 billion and a P/E ratio of 53.45. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 69.22.

In related news, Director Kenneth C. Mcnaughton sold 39,825 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of C$10.18, for a total transaction of C$405,418.50.

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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