Pretium Resources (PVG) Received its Third Buy in a Row


After RBC Capital and BMO Capital gave Pretium Resources (NYSE: PVG) a Buy rating last month, the company received another Buy, this time from H.C. Wainwright. Analyst Heiko Ihle reiterated a Buy rating on Pretium Resources today and set a price target of $22. The company’s shares closed last Monday at $11.31.

According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -2.3% and a 38.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.

Currently, the analyst consensus on Pretium Resources is a Moderate Buy with an average price target of $16.80, a 46.5% upside from current levels. In a report issued on September 6, BMO Capital also reiterated a Buy rating on the stock with a $24 price target.

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The company has a one-year high of $13.83 and a one-year low of $6.65. Currently, Pretium Resources has an average volume of 2.31M.

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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.

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