Pretium Resources (PVG), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. CIBC’s analyst David Haughton reiterates their Hold rating on the shares, with a C$13 price target.
According to TipRanks.com, Haughton is a 1-star analyst with an average return of -5.3% and a 37.2% success rate. Haughton covers the Basic Materials sector, focusing on stocks such as Pretium Resources, Centerra Gold Inc, and TMAC Resources.
Pretium Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$14.50.
Based on Pretium Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$14.03 million. In comparison, last year the company had a GAAP net loss of C$8.74 million.
Pretium Resources, Inc. engages in the acquisition, exploration, and development 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 Monday at C$10.83.
