Pretium Resources (PVG), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Andrew Kaip from BMO Capital remains bullish on the stock and has a C$17.50 price target.
According to TipRanks.com, Kaip has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.7% and a 35.2% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Golden Star Resources Ltd, and Barrick Gold Corporation.
Currently, the analyst consensus on Pretium Resources is a Moderate Buy with an average price target of C$14.50, representing a 49.8% upside. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock.
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Pretium Resources’ market cap is currently C$1.89B and has a P/E ratio of 43.9. The company has a Price to Book ratio of 1.64.
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$9.68.
