CIBC Sticks to Its Hold Rating for Pretium Resources (PVG)


Shares of Pretium Resources (PVG) were revisited by a Wall Street analyst today. Analyst Anita Soni from CIBC remains neutral on the stock and has a C$12 price target.

According to TipRanks.com, Soni ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.0% and a 38.5% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Pretium Resources, and TMAC Resources.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pretium Resources with a C$13.83 average price target.

The company has a one-year high of C$12.87 and a one-year low of C$8.55. Currently, Pretium Resources has an average volume of 666.5K.

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 in 2010 and is headquartered in Vancouver, Canada.

The company’s shares closed on Monday at C$11.63.

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