Cormark Analysts Decrease Earnings Estimates for Pretium Resources Inc (TSE:PVG)

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) – Equities researchers at Cormark dropped their Q3 2018 EPS estimates for Pretium Resources in a note issued to investors on Tuesday, October 16th, according to Zacks Investment Research. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their previous estimate of $0.16.

Pretium Resources (TSE:PVG) (NYSE:PVG) last released its quarterly earnings results on Thursday, August 9th. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.25 by C$0.08. The firm had revenue of C$189.05 million for the quarter, compared to the consensus estimate of C$184.97 million.

Separately, Canaccord Genuity decreased their price target on Pretium Resources from C$17.00 to C$16.00 in a report on Thursday, October 18th.

Pretium Resources stock traded up C$0.32 during trading on Wednesday, reaching C$9.95. The company had a trading volume of 805,800 shares, compared to its average volume of 594,917. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 87.98. Pretium Resources has a 52 week low of C$7.93 and a 52 week high of C$14.94.

In other Pretium Resources news, Director Kenneth C. Mcnaughton sold 100,000 shares of Pretium Resources stock in a transaction on Friday, September 28th. The shares were sold at an average price of C$9.90, for a total value of C$990,000.00. Also, Director Kenneth C. Mcnaughton sold 30,000 shares of Pretium Resources stock in a transaction on Monday, October 1st. The stock was sold at an average price of C$9.90, for a total transaction of C$297,000.00. Insiders have sold 231,000 shares of company stock valued at $2,461,810 in the last 90 days.

About Pretium Resources

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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Earnings History and Estimates for Pretium Resources (TSE:PVG)

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