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


Pretium Resources (PVG), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Anita Soni from CIBC remains neutral on the stock and has a C$11.50 price target.

According to TipRanks.com, Soni is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.0% and a 33.6% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Barrick Gold Corporation, and Pretium Resources.

Pretium Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$13.50.

The company has a one-year high of C$14.50 and a one-year low of C$7.93. Currently, Pretium Resources has an average volume of 680.4K.

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$9.10.

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