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Pretium Resources (PVG) Soars: Stock Adds 10.5% in Session

Pretium Resources Inc. PVG was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.06 to $7.86 in the past one-month time frame.

The move came after the company announced that it has received amended permits from the BC Ministry of Energy, Mines and Petroleum Resources and the BC Ministry of Environment and Climate Change Strategy to increase the Brucejack Mine production rate to 3,800 tonnes per day.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Pretium Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Pretium Resources Inc. Price

Pretium Resources Inc. Price | Pretium Resources Inc. Quote

A better-ranked stock in the Mining - Gold industry is Franco-Nevada Corporation FNV, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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