With over 1.38 million Pretium Resources Inc. (PVG) shares trading Tuesday and a closing price of $11.84 on the day, the dollar volume was approximately $16.3 million. The shares have shown a negative weekly performance of -3.97% and its price on 08/25/20 gained nearly 0.51%. Currently, there are 186.68M common shares owned by the public and among those 185.88M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for PVG have a consensus price objective of $12.92. The analysts have set the share’s price value over the next 12 months at a high of $17.50 and a low of $9.09 should the stock experience a downside. Incidentally, analysts’ outlook for the Pretium Resources Inc. stock is 2.00 for the next 12 months. The average price target is 13.32% above its last price level and an upside to the estimated low will see the stock lose -30.25% over that period. But an upside of 32.34% will see the stock hit the forecast high price target while mean target price for the stock is $12.97.
The top 3 mutual fund holders in Pretium Resources Inc. are VanEck Vectors – Gold Miners ETF, VanEck Vectors – Junior Gold Mine, and R Valor. VanEck Vectors – Gold Miners ETF owns 10.01 million shares of the company’s stock, all valued at over $94.77 million. The company bought an additional 30394.0 shares recently to bring their total holdings to about 5.39% of the shares outstanding. VanEck Vectors – Junior Gold Mine bought 85666.0 shares to see its total holdings expand to 6.51 million shares valued at over $61.66 million and representing 3.51% of the shares outstanding. R Valor now owns shares totaling to 3.21% of the shares outstanding.
Shares of Pretium Resources Inc. (NYSE: PVG) opened at $11.74, down -$0.04 from a prior closing price of $11.78. However, the script later closed the day at $11.84, up 0.51%. The company’s stock has a 5-day price change of -3.97% and 38.48% over the past three months. PVG shares are trading 6.38% year to date (YTD), with the 12-month market performance down to -10.24% lower. It has a 12-month low price of $4.05 and touched a high of $13.83 over the same period. Currently, 1.38 million shares have been traded, compared to an average intraday trading volume of 2.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.65%, 22.52%, and 31.77% respectively.
Institutional ownership of Pretium Resources Inc. (NYSE: PVG) shares accounts for 74.21% of the company’s 186.68M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $2.21B. The stock’s trailing 12-month PE ratio is 33.93, while the earnings-per-share (ttm) stands at $0.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.07% over the week and 5.09% over the month.
Analysts forecast that Pretium Resources Inc. (PVG) will achieve an EPS of $0.06 for the current quarter, $0.11 for the next quarter and $0.5 for 2018. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 116.70%, and 733.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Pretium Resources Inc. (PVG) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 5 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the PVG, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on March 13, 2020, with the firm’s price target at. RBC Capital Mkts coverage for the Pretium Resources Inc. (PVG) stock in a research note released on November 01, 2019 offered a Sector Perform rating with a price target of. B. Riley FBR was of a view on March 01, 2019 that the stock is Buy, while CIBC gave the stock Neutral rating on January 25, 2018, issuing a price target of. H.C. Wainwright on their part issued Buy rating on January 24, 2018.