Analyst Rating Update on Pretium Resources (PVG)

Pretium Resources (NYSE:PVG) : 2 brokerage houses believe that Pretium Resources (NYSE:PVG) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pretium Resources (NYSE:PVG). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.

Pretium Resources (NYSE:PVG) : The consensus price target for Pretium Resources (NYSE:PVG) is $11.83 for the short term with a standard deviation of $3.84. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $7.

For the current week, the company shares have a recommendation consensus of Buy.

Pretium Resources (NYSE:PVG): On Tuesdays trading session , Opening price of the stock was $10.15 with an intraday high of $10.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.08. However, the stock managed to close at $10.16, a loss of 0.68% for the day. On the previous day, the stock had closed at $10.23. The total traded volume of the day was 1,234,382 shares.

Pretium Resources Inc. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Companys wholly owned projects include Brucejack Project and the Snowfield Project. The Companys only material mineral project for the purposes of NI 43-101 is the Brucejack Project. The Companys Brucejack Project is an advanced-stage exploration project located in north-western British Columbia and consists of 11 mineral claims totaling 3,199.28 hectares in area. The Companys Snowfield Project borders the Brucejack Project to the north and consists of one mineral claim with an area of approximately 1,267.43 hectares. The Company has two wholly owned subsidiaries, Pretium Exploration Inc. and 0890696 B.C. Ltd, which hold the Companys interests in the Brucejack Project and the assets related thereto.

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