Analyst Price Target Update on Pretium Resources (NYSE:PVG)

Pretium Resources (NYSE:PVG): 4 analysts have set the short term price target of Pretium Resources (NYSE:PVG) at $11.63. The standard deviation of short term price target has been estimated at $3.16, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 14 and $7 respectively.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Roth Capital maintains its outlook on Pretium Resources (NYSE:PVG). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $13 per share to $14 per share. The rating by the firm was issued on March 14, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Pretium Resources (NYSE:PVG) : On Monday heightened volatility was witnessed in Pretium Resources (NYSE:PVG) which led to swings in the share price. The stock opened for trading at $9.03 and hit $9.04 on the upside , eventually ending the session at $8.87, with a gain of 0.57% or 0.05 points. The heightened volatility saw the trading volume jump to 1,698,768 shares. The 52-week high of the share price is $9.1899 and the company has a market cap of $1,572 million. The 52-week low of the share price is at $3.995 .

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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