Pretium Resources (PVG) Gets a Buy Rating from H.C. Wainwright
H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Pretium Resources (PVG) today and set a price target of $16. The company’s shares closed yesterday at $7.83.
“We reiterate our Buy recommendation and our price target of $16.00 per share. Our valuation remains based on a DCF of operations at Brucejack utilizing a 7.9% discount rate.”
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.9% and a 30.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Pretium Resources has an analyst consensus of Moderate Buy, with a price target consensus of $16.
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Pretium Resources’ market cap is currently $1.44B and has a P/E ratio of 43.84. The company has a Price to Book ratio of 1.60.
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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.