Pretium Resources Inc (PVG) Stock Price Down 0.6%

Pretium Resources Inc (TSE:PVG) (NYSE:PVG)’s share price was down 0.6% on Monday . The company traded as low as C$14.40 and last traded at C$14.46. Approximately 396,515 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 517,044 shares. The stock had previously closed at C$14.55.

A number of equities analysts have recently issued reports on PVG shares. Numis Securities Ltd cut their price objective on Pretium Resources from C$20.00 to C$18.00 in a report on Monday, September 25th. CIBC upped their price objective on Pretium Resources from C$15.75 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. Finally, Scotiabank upgraded Pretium Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$16.50 to C$17.00 in a report on Thursday, October 12th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$18.00.

In related news, Director Robert Allan Quartermain bought 22,800 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was bought at an average cost of C$10.52 per share, for a total transaction of C$239,856.00. Also, Director George Nickolas Paspalas sold 50,000 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of C$15.33, for a total value of C$766,500.00.

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About Pretium Resources

Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

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