What’s in Pretium Resources Inc. (PVG) After Today’s Huge Decline?

April 15, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.61, from 1.74 in 2017Q3. It fall, as 16 investors sold Pretium Resources Inc. shares while 31 reduced holdings. 22 funds opened positions while 31 raised stakes. 83.18 million shares or 4.51% less from 87.11 million shares in 2017Q3 were reported.
Prudential Public Lc has 0.24% invested in Pretium Resources Inc. (NYSE:PVG) for 6.98M shares. Quantitative Inv Mngmt Llc has invested 0.01% in Pretium Resources Inc. (NYSE:PVG). Essex Inv Ltd Liability Com holds 75,168 shares. Raymond James Assoc owns 34,334 shares. 18,379 are owned by Corecommodity Management Limited Liability Corporation. Van Eck Assocs accumulated 20.40 million shares or 1.15% of the stock. 17,218 are held by Creative Planning. Manufacturers Life The owns 0% invested in Pretium Resources Inc. (NYSE:PVG) for 177,295 shares. Sprott Incorporated has invested 3.43% in Pretium Resources Inc. (NYSE:PVG). 3.49M were reported by Anchor Bolt Capital Ltd Partnership. Balyasny Asset Mgmt Limited Liability holds 210,911 shares. Mackenzie Finance reported 0.05% stake. Commerzbank Aktiengesellschaft Fi owns 15,148 shares. Bw Gestao De Investimentos Ltda stated it has 0.33% in Pretium Resources Inc. (NYSE:PVG). Trexquant Investment Lp accumulated 71,688 shares.

The stock of Pretium Resources Inc. (NYSE:PVG) is a huge mover today! The stock decreased 4.53% or $0.34 during the last trading session, reaching $7.17. About 2.95 million shares traded or 2.63% up from the average. Pretium Resources Inc. (NYSE:PVG) has declined 39.73% since April 15, 2017 and is downtrending. It has underperformed by 51.28% the S&P500.
The move comes after 9 months negative chart setup for the $1.28B company. It was reported on Apr, 15 by Barchart.com. We have $6.67 PT which if reached, will make NYSE:PVG worth $89.32M less.

Analysts await Pretium Resources Inc. (NYSE:PVG) to report earnings on May, 11. They expect $0.08 EPS, up 500.00 % or $0.10 from last year’s $-0.02 per share. PVG’s profit will be $14.24 million for 22.41 P/E if the $0.08 EPS becomes a reality. After $0.07 actual EPS reported by Pretium Resources Inc. for the previous quarter, Wall Street now forecasts 14.29 % EPS growth.

Pretium Resources Inc. (NYSE:PVG) Ratings Coverage

Among 3 analysts covering Pretium Resources (NYSE:PVG), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Pretium Resources had 5 analyst reports since November 13, 2017 according to SRatingsIntel. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, January 24 report. H.C. Wainwright maintained the stock with “Buy” rating in Tuesday, December 26 report. The stock has “Buy” rating by H.C. Wainwright on Monday, March 12. The stock of Pretium Resources Inc. (NYSE:PVG) earned “Buy” rating by H.C. Wainwright on Wednesday, January 24. As per Monday, November 13, the company rating was maintained by Roth Capital.

Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas. The company has market cap of $1.28 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.

Pretium Resources Inc. (NYSE:PVG) Ratings Chart

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