In a report issued on July 30, Adam Graf from B.Riley FBR maintained a Buy rating on Pretium Resources (PVG), with a price target of $28.00. The company’s shares closed last Monday at $11.97.
According to TipRanks.com, Graf is a 5-star analyst with an average return of 22.6% and a 71.3% success rate. Graf covers the Basic Materials sector, focusing on stocks such as Gold Standard Ventures, First Majestic Silver, and Hecla Mining Company.
Pretium Resources has an analyst consensus of Moderate Buy, with a price target consensus of $16.52, which is a 31.3% upside from current levels. In a report issued on July 21, Canaccord Genuity also maintained a Buy rating on the stock with a C$16.00 price target.
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Based on Pretium Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $127 million and net profit of $6.24 million. In comparison, last year the company earned revenue of $113 million and had a net profit of $10.44 million.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PVG in relation to earlier this year.
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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.
