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.
COPYRIGHT VIOLATION NOTICE: This article was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.truebluetribune.com/2017/11/13/pretium-resources-inc-pvg-stock-price-down-0-6.html.
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.
Receive News & Ratings for Pretium Resources Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources Inc and related companies with MarketBeat.com's FREE daily email newsletter.