Pretium Resources (PVG) Receives Price Target

Pretium Resources (PVG) : The highest level Pretium Resources (PVG) is projected to reach is $17 for the short term and the lowest estimate is at $7. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $13.3 and the possibility the share price can swing is $5.12.

Pretium Resources (PVG) : 3 analysts are covering Pretium Resources (PVG) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Pretium Resources (NYSE:PVG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.55 and $9.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.23, notching a gain of 6.34% for the day. The total traded volume was 1,684,807 . The stock had closed at $9.62 on the previous day.

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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