Pretium Resources (PVG), the Materials sector company, has received a rating update from a Wall Street analyst on April 1. BMO Capital’s analyst Andrew Kaip reiterates their Buy rating on the shares, with a C$17.50 price target.
According to TipRanks.com, Kaip is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.6% and a 37.9% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties Ltd, Eldorado Gold Corp, and Pretium Resources.
Currently, the analyst consensus on Pretium Resources is a Strong Buy with an average price target of C$14.38.
Pretium Resources’ market cap is currently C$2.18B and has a P/E ratio of 40.1. The company has a Price to Book ratio of 1.76.
Pretium Resources, Inc. engages in the acquisition, exploration, development and operation of gold and precious metals resource properties. Its projects include Snowfield and Brucejack which are located in British Columbia. The company was founded by Robert Allan Quartermain on October 22, 2010 and is headquartered in Vancouver, Canada.
The company’s shares closed on Thursday at C$11.82.
