Price Action To Observe: Pretium Resources Inc’s Stock Is Sell After Today’s Significant Decline

Price Action To Observe: Pretium Resources Inc's Stock Is Sell After Today's Significant Decline

The stock of Pretium Resources Inc (NYSE:PVG) is a huge mover today! The stock decreased 2.47% or $0.26 during the last trading session, hitting $10.27. About 1.32 million shares traded hands. Pretium Resources Inc (NYSE:PVG) has risen 120.39% since February 29, 2016 and is uptrending. It has outperformed by 109.96% the S&P500.
The move comes after 7 months negative chart setup for the $1.88B company. It was reported on Oct, 1 by We have $9.45 PT which if reached, will make NYSE:PVG worth $150.40 million less.

Analysts await Pretium Resources Inc (NYSE:PVG) to report earnings on November, 3. They expect $-0.02 EPS, 0.00% or $0.00 from last year’s $-0.02 per share. After $-0.03 actual EPS reported by Pretium Resources Inc for the previous quarter, Wall Street now forecasts -33.33% EPS growth.

Pretium Resources Inc (NYSE:PVG) Ratings Coverage

Out of 3 analysts covering Pretium Resources (NYSE:PVG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Pretium Resources has been the topic of 7 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of Pretium Resources Inc (NYSE:PVG) has “Speculative Buy” rating given on Thursday, October 22 by Canaccord Genuity. As per Thursday, August 20, the company rating was upgraded by Zacks. The stock of Pretium Resources Inc (NYSE:PVG) has “Speculative Buy” rating given on Monday, August 24 by Canaccord Genuity. Roth Capital maintained Pretium Resources Inc (NYSE:PVG) rating on Monday, March 14. Roth Capital has “Buy” rating and $14 price target. As per Thursday, September 17, the company rating was maintained by H.C. Wainwright. The firm has “Buy” rating by Roth Capital given on Thursday, September 17. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, August 24 report.

According to Zacks Investment Research, “Pretium Resources Inc. is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company owns the Snowfield and Brucejack Projects located in Northwest British Columbia, Canada. Its mineral interests consist of gold/copper/silver exploration projects. Pretium Resources Inc. is headquartered in Vancouver, Canada.”

Insitutional Activity: The institutional sentiment decreased to 1.77 in Q2 2016. Its down 0.86, from 2.63 in 2016Q1. The ratio worsened, as 14 funds sold all Pretium Resources Inc shares owned while 16 reduced positions. 18 funds bought stakes while 35 increased positions. They now own 76.33 million shares or 14.96% more from 66.40 million shares in 2016Q1.
Moreover, Public Sector Pension Inv Board has 0.11% invested in Pretium Resources Inc (NYSE:PVG) for 921,500 shares. Commonwealth Bank Of holds 0.28% or 2.15 million shares in its portfolio. Cubist Systematic Strategies Limited Liability has 0.03% invested in the company for 45,622 shares. Spot Trading Ltd Llc holds 0.03% of its portfolio in Pretium Resources Inc (NYSE:PVG) for 156,264 shares. Sun Valley Gold Limited Liability Com reported 4.38M shares or 12.84% of all its holdings. Guggenheim Capital Ltd Liability has invested 0.01% of its portfolio in Pretium Resources Inc (NYSE:PVG). Toronto Dominion Commercial Bank holds 0% or 54,662 shares in its portfolio. Pcj Investment Counsel last reported 0.08% of its portfolio in the stock. Moreover, Financial Bank Of Nova Scotia has 0% invested in Pretium Resources Inc (NYSE:PVG) for 67,371 shares. Syntal Capital Prtn Lc, a Texas-based fund reported 25,590 shares. Franklin Incorporated reported 2.68M shares or 0.02% of all its holdings. St Johns Inv Mgmt Limited Co, a Florida-based fund reported 870 shares. Ig Invest Ltd reported 724,400 shares or 0.03% of all its holdings. Jane Street Gp Llc has 647,474 shares for 0.04% of their US portfolio. Walleye Trading Ltd Llc has invested 0% of its portfolio in Pretium Resources Inc (NYSE:PVG).

More recent Pretium Resources Inc (NYSE:PVG) news were published by: which released: “Plus the latest data from on 21 home markets across the US” on December 21, 2009. Also published the news titled: “Pretium Resources Becomes Oversold (PVG)” on August 24, 2016.‘s news article titled: “Why Pretium Resources Inc Shares Plunged Today” with publication date: February 23, 2016 was also an interesting one.

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