Pretium Resources (PVG) to Release Earnings on Wednesday

Pretium Resources (TSE:PVG) (NYSE:PVG) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Pretium Resources to post earnings of C$0.30 per share for the quarter.

Pretium Resources (TSE:PVG) (NYSE:PVG) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.12 EPS for the quarter, topping analysts’ consensus estimates of C$0.08 by C$0.04. The business had revenue of C$151.43 million for the quarter, compared to the consensus estimate of C$144.80 million.

Shares of PVG opened at C$15.87 on Wednesday. The stock has a market cap of $3.02 billion and a price-to-earnings ratio of 105.80. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 63.92. Pretium Resources has a 12 month low of C$8.85 and a 12 month high of C$18.30. The company has a 50-day moving average price of C$16.02 and a two-hundred day moving average price of C$13.84.

A number of research firms have recently issued reports on PVG. Royal Bank of Canada lifted their target price on shares of Pretium Resources from C$12.00 to C$14.00 in a research note on Wednesday, June 26th. Canaccord Genuity lifted their target price on shares of Pretium Resources from C$17.50 to C$17.75 in a research note on Friday, July 19th. HC Wainwright reiterated a “buy” rating on shares of Pretium Resources in a research note on Monday, August 19th. Finally, CIBC lifted their target price on shares of Pretium Resources from C$12.00 to C$15.50 in a research note on Monday, July 15th.

In related news, Senior Officer Tom Yip sold 18,100 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$17.05, for a total value of C$308,605.00. Following the completion of the sale, the insider now owns 55,000 shares of the company’s stock, valued at C$937,750. Also, Director George Nickolas Paspalas sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$17.95, for a total transaction of C$897,500.00. Following the completion of the sale, the director now directly owns 37,646 shares of the company’s stock, valued at approximately C$675,745.70. Insiders sold 428,100 shares of company stock valued at $7,385,624 in the last quarter.

Pretium Resources Company Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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Earnings History for Pretium Resources (TSE:PVG)

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