RBC Capital Sticks to Their Hold Rating for Pretium Resources

RBC Capital Sticks to Their Hold Rating for Pretium Resources

May 18, 2020


RBC Capital analyst Mark Mihaljevic maintained a Hold rating on Pretium Resources (NYSE:PVG) on Friday, setting a price target of C$13, which is approximately 44.61% above the present share price of $8.99.

Mihaljevic expects Pretium Resources to post earnings per share (EPS) of $0.03 for the second quarter of 2020.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Pretium Resources, with an average price target of $11.56.
The analysts price targets range from a high of $27 to a low of $7.09.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $126.56 million and a net profit of $31.39 million. The company's market cap is $1.67 billion.

According to TipRanks.com, RBC Capital analyst Mark Mihaljevic is a 5-star analyst with an average return of 12.8% and a 63.7% success rate.

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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