Pretium Resources (PVG) Expected to Post Q2 2018 Earnings of $0.14 Per Share

Pretium Resources (TSE:PVG) (NYSE:PVG) – Analysts at Cormark decreased their Q2 2018 earnings per share (EPS) estimates for shares of Pretium Resources in a research report issued on Thursday, April 12th. Cormark analyst R. Gray now forecasts that the company will earn $0.14 per share for the quarter, down from their prior estimate of $0.19.

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A number of other equities research analysts also recently commented on PVG. Royal Bank of Canada decreased their target price on Pretium Resources from C$19.00 to C$18.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Scotiabank downgraded Pretium Resources from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$19.00 to C$17.75 in a report on Wednesday, January 24th. Finally, CIBC downgraded Pretium Resources from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$18.00 to C$14.50 in a report on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Pretium Resources currently has an average rating of “Buy” and an average target price of C$17.10.

Pretium Resources stock opened at C$8.74 on Monday. Pretium Resources has a 52 week low of C$7.93 and a 52 week high of C$15.52.

Pretium Resources (TSE:PVG) (NYSE:PVG) last issued its quarterly earnings results on Thursday, March 8th. The company reported C$0.09 earnings per share for the quarter, topping the consensus estimate of C$0.01 by C$0.08. Pretium Resources had a negative return on equity of 3.31% and a negative net margin of 9.84%. The business had revenue of C$135.97 million during the quarter, compared to the consensus estimate of C$111.78 million.

In related news, Director Nicole Adshead-Bell purchased 5,700 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was bought at an average cost of C$10.38 per share, with a total value of C$59,166.00. Also, Director Robert Allan Quartermain purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average cost of C$8.96 per share, with a total value of C$44,800.00.

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About Pretium Resources

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company owns 100% interests in the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia; and the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northwestern British Columbia.

Earnings History and Estimates for Pretium Resources (TSE:PVG)

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