Pretium Resources (PVG) Shares Down 3.4%

Shares of Pretium Resources Inc (TSE:PVG) (NYSE:PVG) traded down 3.4% during mid-day trading on Tuesday . The company traded as low as C$13.79 and last traded at C$13.81. 274,150 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 348,930 shares. The stock had previously closed at C$14.29.

A number of analysts have recently weighed in on the company. CIBC upped their price objective on Pretium Resources from C$15.75 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Scotiabank raised Pretium Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$16.50 to C$17.00 in a research report on Thursday, October 12th. Finally, Numis Securities reaffirmed a “buy” rating and set a C$22.00 price objective on shares of Pretium Resources in a research report on Thursday, October 12th. Six analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of C$18.00.

The company has a market cap of $2,440.00, a price-to-earnings ratio of -89.33 and a beta of -0.11.

In other Pretium Resources news, Director Robert Allan Quartermain sold 29,700 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of C$14.90, for a total value of C$442,530.00. Also, Director Christopher Noel Dunn sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of C$14.71, for a total transaction of C$588,400.00.

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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.

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