Today H.C. Wainwright Reiterates a Buy Rating on Pretium Resources (NYSE:PVG) and a $15.0000 Target Price

June 20, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.18 in Q1 2018. Its up 0.05, from 1.13 in 2017Q4. It improved, as 23 investors sold Pretium Resources Inc. shares while 27 reduced holdings. 22 funds opened positions while 37 raised stakes. 89.93 million shares or 8.12% more from 83.18 million shares in 2017Q4 were reported.

Wells Fargo And Mn accumulated 251,602 shares. Jane Street Grp Incorporated Limited Co invested 0% of its portfolio in Pretium Resources Inc. (NYSE:PVG). Letko Brosseau & Associates Inc reported 0.3% stake. Moreover, Ameriprise has 0% invested in Pretium Resources Inc. (NYSE:PVG). Commercial Bank Of Montreal Can holds 0.04% or 6.69M shares. Van Eck Associates holds 0.66% of its portfolio in Pretium Resources Inc. (NYSE:PVG) for 19.89M shares. Bridgewater Associate Limited Partnership reported 33,201 shares stake. Gradient Ltd Limited Liability Company invested in 0% or 380 shares. Moneta Gp Invest Advsr Llc, a Missouri-based fund reported 680 shares. 6.98 million were reported by Prudential Public Ltd. Ftb Advisors invested in 1,000 shares or 0% of the stock. Connor Clark Lunn Investment Limited holds 0% of its portfolio in Pretium Resources Inc. (NYSE:PVG) for 45,700 shares. Citigroup reported 30,467 shares or 0% of all its holdings. Comerica Comml Bank holds 0% of its portfolio in Pretium Resources Inc. (NYSE:PVG) for 11,762 shares. Css Ltd Liability Com Il holds 0% or 7,000 shares in its portfolio.

Pretium Resources (NYSE:PVG) Rating Reaffirmed

H.C. Wainwright now has a $15.0000 target on shares of Pretium Resources (NYSE:PVG). The target would indicate a potential upside of 102.70 % from the current price of Pretium Resources (NYSE:PVG). This rating was disclosed in an analyst report on Tuesday morning.

Pretium Resources Inc. (NYSE:PVG) Ratings Coverage

Among 2 analysts covering Pretium Resources (NYSE:PVG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Pretium Resources has $16.5 highest and $1500 lowest target. $14’s average target is 89.19% above currents $7.4 stock price. Pretium Resources had 7 analyst reports since December 26, 2017 according to SRatingsIntel. The stock of Pretium Resources Inc. (NYSE:PVG) has “Buy” rating given on Friday, May 11 by H.C. Wainwright. The rating was downgraded by Credit Suisse to “Neutral” on Wednesday, January 24. The rating was maintained by H.C. Wainwright on Wednesday, April 11 with “Buy”. H.C. Wainwright maintained the stock with “Buy” rating in Tuesday, December 26 report. H.C. Wainwright maintained the shares of PVG in report on Tuesday, June 19 with “Buy” rating. H.C. Wainwright maintained Pretium Resources Inc. (NYSE:PVG) on Wednesday, January 24 with “Buy” rating. The stock has “Buy” rating by H.C. Wainwright on Monday, March 12.

The stock increased 0.14% or $0.01 during the last trading session, reaching $7.4. About 488,438 shares traded. Pretium Resources Inc. (NYSE:PVG) has declined 23.60% since June 20, 2017 and is downtrending. It has underperformed by 36.17% the S&P500.

Analysts await Pretium Resources Inc. (NYSE:PVG) to report earnings on August, 9. They expect $0.09 earnings per share, up 1,000.00 % or $0.10 from last year’s $-0.01 per share. PVG’s profit will be $16.61 million for 20.56 P/E if the $0.09 EPS becomes a reality. After $0.03 actual earnings per share reported by Pretium Resources Inc. for the previous quarter, Wall Street now forecasts 200.00 % EPS growth.

Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas. The company has market cap of $1.37 billion. It primarily explores for gold, silver, and copper deposits. It currently has negative earnings. The firm owns 100% interests in the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia; and the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northwestern British Columbia.

Another recent and important Pretium Resources Inc. (NYSE:PVG) news was published by Gurufocus.com which published an article titled: “Pretium Resources Soars on Exploration Results” on June 19, 2018.

Pretium Resources Inc. (NYSE:PVG) Ratings Chart

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