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Pretium Resources (PVG) Gets a Buy Rating from Canaccord Genuity


Pretium Resources (TSX: PVG), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Rahul Paul from Canaccord Genuity remains bullish on the stock and has a C$17 price target.

According to TipRanks.com, Paul is ranked #4639 out of 4884 analysts.

Pretium Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$16.17.

Based on Pretium Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$40.15 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 Thursday at C$10.97.