Q3 2019 EPS Estimates for Pretium Resources Inc Reduced by B. Riley (TSE:PVG)

Pretium Resources Inc (TSE:PVG) (NYSE:PVG) – B. Riley decreased their Q3 2019 earnings per share (EPS) estimates for Pretium Resources in a report released on Monday, June 24th, according to Zacks Investment Research. B. Riley analyst A. Graf now anticipates that the company will earn $0.20 per share for the quarter, down from their previous forecast of $0.29. B. Riley also issued estimates for Pretium Resources’ FY2019 earnings at $0.59 EPS.

Several other analysts have also recently commented on PVG. CIBC restated a “hold” rating on shares of Sandstorm Gold in a report on Monday. Royal Bank of Canada restated an “underperform” rating and set a GBX 215 ($2.81) target price on shares of in a report on Wednesday, June 26th. Finally, Cormark increased their target price on Pretium Resources from C$15.50 to C$16.00 in a report on Friday, April 5th.

TSE:PVG traded up C$0.31 during trading hours on Wednesday, reaching C$14.95. The company had a trading volume of 768,675 shares, compared to its average volume of 606,260. The business has a 50-day simple moving average of C$12.88. Pretium Resources has a one year low of C$8.59 and a one year high of C$15.00. The firm has a market cap of $2.70 billion and a price-to-earnings ratio of 57.72. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 69.41.

Pretium Resources (TSE:PVG) (NYSE:PVG) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.01. The company had revenue of C$137.10 million during the quarter, compared to the consensus estimate of C$126.61 million.

In other news, Director Joseph J. Ovsenek sold 39,825 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$10.80, for a total transaction of C$430,098.05. Following the transaction, the director now owns 130,575 shares of the company’s stock, valued at C$1,410,170.83.

About Pretium Resources

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 and Estimates for Pretium Resources (TSE:PVG)

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