Pretium Resources (PVG) Receives a Hold from CIBC

A Wall Street analyst has provided a rating update for the Materials sector company yesterday, while remaining neutral on the stock. CIBC’s analyst Anita Soni reiterates their Hold rating on the shares of Pretium Resources (PVGResearch Report), with a C$11 price target.

According to TipRanks.com, Soni has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.0% and a 33.3% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Barrick Gold Corporation, Pretium Resources, and Lundin Mining.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pretium Resources with a C$14.50 average price target.

The company has a one-year high of C$14.50 and a one-year low of C$7.93. Currently, Pretium Resources has an average volume of 650.1K.

Pretium Resources, Inc. engages in the acquisition, exploration, and development of gold and precious metals resource properties. Its projects include Snowfield and Brucejack which are located in British Columbia. The company was founded by Robert Allan Quartermain on October 22, 2010 and is headquartered in Vancouver, Canada.

The company’s shares closed on Friday at C$9.49.

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