Short Term Rating on Pretium Resources (PVG)

Pretium Resources (PVG) : 2 brokerage houses believe that Pretium Resources (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 (PVG). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.

Pretium Resources (PVG) : The most positive equity analysts on Pretium Resources (PVG) expects the shares to touch $17, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $13.3 with an expected fluctuation of $5.12 from the mean.

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


Pretium Resources (NYSE:PVG): The stock opened at $12.03 on Tuesday but the bulls could not build on the opening and the stock topped out at $12.41 for the day. The stock traded down to $11.66 during the day, due to lack of any buying support eventually closed down at $11.70 with a loss of -3.07% for the day. The stock had closed at $12.07 on the previous day. The total traded volume was 1,883,633 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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