Pretium Resources, Inc. (PVG) PT Set at $17.00 by Roth Capital

Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) received a $17.00 price target from equities research analysts at Roth Capital in a note issued to investors on Monday. The firm presently has a “buy” rating on the basic materials company’s stock. Roth Capital’s target price would suggest a potential upside of 61.75% from the stock’s previous close.

Several other research firms have also issued reports on PVG. ValuEngine raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. HC Wainwright reissued a “buy” rating and issued a $16.50 price objective on shares of Pretium Resources in a research report on Thursday, October 12th. UBS AG raised shares of Pretium Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 12th. Credit Suisse Group set a $13.00 price target on shares of Pretium Resources and gave the company a “buy” rating in a report on Friday, August 11th. Finally, BidaskClub lowered shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.36.

Shares of Pretium Resources (PVG) opened at $10.51 on Monday. Pretium Resources has a 52-week low of $6.82 and a 52-week high of $12.53. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 0.81.

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A number of hedge funds and other institutional investors have recently bought and sold shares of PVG. Van ECK Associates Corp boosted its stake in Pretium Resources by 74.0% during the 3rd quarter. Van ECK Associates Corp now owns 18,706,377 shares of the basic materials company’s stock valued at $173,222,000 after acquiring an additional 7,956,917 shares during the last quarter. Ninepoint Partners LP bought a new position in Pretium Resources during the 3rd quarter valued at $17,636,000. Prudential PLC boosted its stake in Pretium Resources by 27.1% during the 2nd quarter. Prudential PLC now owns 5,540,263 shares of the basic materials company’s stock valued at $53,242,000 after acquiring an additional 1,180,973 shares during the last quarter. Intact Investment Management Inc. bought a new position in Pretium Resources during the 3rd quarter valued at $4,768,000. Finally, Commonwealth Bank of Australia boosted its stake in Pretium Resources by 13.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,691,900 shares of the basic materials company’s stock valued at $25,826,000 after acquiring an additional 319,200 shares during the last quarter. Hedge funds and other institutional investors own 44.54% of the company’s stock.

About Pretium Resources

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 Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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