Pretium Resources (NYSE:PVG) Issues Earnings Results

Pretium Resources (NYSE:PVG) (TSE:PVG) posted its earnings results on Thursday. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03, Briefing.com reports. The firm had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $143.99 million. Pretium Resources had a net margin of 6.48% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year.

Shares of Pretium Resources stock traded up $0.20 on Friday, reaching $11.61. The stock had a trading volume of 3,132,658 shares, compared to its average volume of 2,202,722. The business has a 50-day moving average price of $10.50. The company has a current ratio of 0.68, a quick ratio of 0.49 and a debt-to-equity ratio of 0.58. Pretium Resources has a fifty-two week low of $6.53 and a fifty-two week high of $11.75. The company has a market capitalization of $2.10 billion, a PE ratio of 21.50 and a beta of -0.40.

A number of research firms have issued reports on PVG. HC Wainwright reiterated a “buy” rating and issued a $16.50 target price on shares of Pretium Resources in a research note on Thursday, July 11th. Royal Bank of Canada reiterated a “buy” rating on shares of Pretium Resources in a research note on Wednesday, June 26th. Canaccord Genuity reiterated an “average” rating and issued a $17.75 target price on shares of Pretium Resources in a research note on Friday, July 19th. B. Riley set a $23.00 target price on shares of Pretium Resources and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, CIBC reiterated a “hold” rating and issued a $12.00 target price on shares of Pretium Resources in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $15.32.

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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Earnings History for Pretium Resources (NYSE:PVG)

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