Credit Suisse Initiates Coverage On Pretium Resources Inc to Outperform with Price Target $13.5

Credit Suisse Initiates Coverage On Pretium Resources Inc(PVG). In a research note issued to the investors, the brokerage major Announces the price-target to $13.5 per share. The shares have been rated Outperform. The rating by the stock financial advisor at Credit Suisse was issued on Mar 20, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 8, 2017, RBC Capital said it Upgrades its rating on Pretium Resources Inc. The shares have been rated ‘Outperform’ by the firm.

Pretium Resources Inc (PVG) made into the market gainers list on Wednesdays trading session with the shares advancing 1.17% or 0.13 points. Due to strong positive momentum, the stock ended at $11.27, which is also near the day’s high of $11.43. The stock began the session at $11.23 and the volume stood at 26,47,813 shares. The 52-week high of the shares is $12.5276 and the 52 week low is $4.95. The company has a current market capitalization of $2,026 M and it has 17,97,86,800 shares in outstanding.

Pretium Resources Inc(PVG) last announced its earnings results on Aug 10, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.02.

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 wholly owned projects include Brucejack Project and the Snowfield Project. The Company’s only material mineral project for the purposes of NI 43-101 is the Brucejack Project. The Company’s Brucejack Project is an advanced-stage exploration project located in north-western British Columbia and consists of 11 mineral claims totaling 3199.28 hectares in area. The Company’s Snowfield Project borders the Brucejack Project to the north and consists of one mineral claim with an area of approximately 1267.43 hectares. The Company has two wholly owned subsidiaries Pretium Exploration Inc. and 0890696 B.C. Ltd which hold the Company’s interests in the Brucejack Project and the assets related thereto.

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