PVG - Pretium Resources Inc.

NYSE - NYSE Delayed Price. Currency in USD
8.63
-0.34 (-3.79%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Momentum

Momentum

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close8.97
Open8.98
Bid8.53 x 1100
Ask9.27 x 3200
Day's Range8.61 - 9.03
52 Week Range4.05 - 13.83
Volume1,992,389
Avg. Volume2,652,382
Market Cap1.597B
Beta (5Y Monthly)0.36
PE Ratio (TTM)37.52
EPS (TTM)0.23
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est13.66
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-21% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
    View more
    • The Zacks Analyst Blog Highlights: AngloGold Ashanti, Alamos Gold, B2Gold, Pretium Resources and Gold Fields
      Zacks

      The Zacks Analyst Blog Highlights: AngloGold Ashanti, Alamos Gold, B2Gold, Pretium Resources and Gold Fields

      The Zacks Analyst Blog Highlights: AngloGold Ashanti, Alamos Gold, B2Gold, Pretium Resources and Gold Fields

    • 3 Compelling Gold Stocks With Strong Momentum
      TipRanks

      3 Compelling Gold Stocks With Strong Momentum

      Gold has shown high volatility this year as traders try to react to the coronavirus crisis. The metal started the year sedately, but began to rise in February as the crisis spread out of China. As central banks inject money into the global economy via an unprecedented qualitative easing, and cut interest rates in an effort to restart economic activity, the mid- to long-term result will likely be steady increases inflation -- a favorable environment for gold. As Stifel analyst Tyron Breytenbach notes in his recent report on precious metals, “Gold has traditionally outperformed during periods of high inflation as a store of value and those producing it are likely to see the positive effect on their business.”The analyst goes on to point out that demand for physical metal is also increasing, more even than traders’ demand for the ‘spot’ price. This demand for physical gold is a natural hedge against recessionary pressures, as customers with the means to do so are seeking a solid, and reliable, way to hold their money in negotiable form. Demand is also up for physical silver, which Breytenbach points out as a difference between central bank and retail interest in precious metals.It’s clear that the stars are lining up for precious metals, and investors seeking to cash in have two routes available: they can buy physical metal, or they take a longer-term view, they can buy stock in metal producers.With this in mind, we’ve used the TipRanks database to pick out three gold mining stocks that have shown a combination of strong attractions: recent outperformance of the broader markets, high upside potential, and strong overall gains in 2020.SSR Mining, Inc. (SSRM)Vancouver based SSR Mining focuses on precious metal mining, exploration, and development throughout the Americas. The company produces gold, silver, and other minerals, and markets them for industrial, pharmaceutical, minting, dentistry, and other commercial uses. Unlike most companies, which have seen heavy losses in Q1 due to the ongoing coronavirus pandemic, SSR Mining has seen sequential earnings gains in every quarter since Q4 2018.In the company’s most recent report, for Q1 2020, EPS rose 3% to 31 cents per share – and more importantly, beat out the 27-cent estimate by 14%. Net earnings were just one measure of success in the quarter. The company also reported reduced debt levels, and a healthy cash-on-hand balance of $398.4 million. Positive results were supported by metal production, which reached 87,969 ounces of gold and 1.8 million ounces of silver for the quarter.Also this month, SSR announced that it will enter a merger-of-equals agreement with competitor Alacer Gold. The agreement will allow the join entity to streamline operations and more efficiently allocate capital.SSR Mining has seen a dramatic spike in share value since announcing the merger and reporting Q1 earnings, rising over 50% in the past two months. B Riley FBR analyst Adam Graf notes that SSR Mining has seen headwinds recently – “As with other mines in Latin American and Canada, SSRM experienced government mandated temporary suspensions at Seabee and Puna operations.” – but that the company has the resources needed to master them. His bottom line on the stock: “We believe shares are well positioned to benefit from a rising gold price and increased investor interest as SSRM gains market cap and liquidity post the Alacer merger.”Graf backs his Buy rating with a $44 price target, implying an eye-opening 132% upside potential to the stock. (To watch Graf’s track record, click here)Not surprising, considering the high prospects here, SSRM shares have a unanimous Strong Buy rating from the analyst consensus, based on 5 recent bullish reviews. The stock is selling for $18.87, and the $25.34 one-year price target suggests room for 34% upside growth. (See SSR Mining stock analysis on TipRanks)Pretium Resources (PVG)The next stock on our list is Pretium Resources, another player in the Canadian gold mining scene. Specifically, the company owns the Brucejack mine in northern British Columbia, an asset which has produced 965,788 ounces of gold since 2017. Of that total, 82,888 ounces were produced in Q1 2020. PVG managed to continue operations in the quarter without disruption form the COVID-19 pandemic – social distancing restrictions put in place at the mine have allowed the company to report that, so far, they have no positive cases.Corporate earnings have also been health. While Q1 saw a sequential decline (in part due to high expenses incurred against the pandemic), the 14 cents reported were 16% higher than expected. This steady performance – consistent production, an effective health response, and an earnings beat – have combined to push PVG shares up 20% from their February levels. Pretium has beaten the S&P’s bear market performance by a wide margin, and the stock continues to trend upwards.Adam Graf, quoted above, also reviewed PVG. Noting the above points, he sums up this stock’s potential: “Going forward, we expect operational results to trend higher, driven by higher gold prices and rising ore grades, as well as benefit from a weakening C$ FX rate. Management maintains full year production and cost guidance… we expect the market to look at PVG with fresh eyes - awarding an improved valuation vs. the peer group.”Graf’s $27 price target back up his Buy rating, and suggests that PVG has a stellar upside potential in the coming year of 212%. Not many companies, of any sort, can match that sort of return potential.The analyst consensus on PVG is somewhat more cautious than Graf’s. The stock has a Moderate Buy consensus rating, based on 4 Buys and 4 Holds. Shares are selling for $8.68, and the $11.47 average price target implies a 32.5% upside potential. (See Pretium stock analysis on TipRanks)Seabridge Gold (SA)Last on our list is Seabridge Gold, part of Canada’s huge mining industry. The company’s projects are in western and northern Canada. During Q1, Seabridge announced a revised production outlook at its KSM project, in northern British Columbia. The new outlook includes a 44-year plan to recover up to 19.6 million ounces of gold and 5.4 billion pounds of copper.SA shares saw shares climb 50% higher over the past 3 months, and one analyst is betting that this run can continue.Covering Seabridge and its gold mine potential for Roth Capital, analyst Joe Reagor writes, “We believe the PEA clearly demonstrated the impact Iron Cap has on the project economics. We also believe Seabridge will need to complete significant additional drilling to incorporate Iron Cap in a future PFS.”In line with his optimistic outlook, the analyst has raised his price target by 23%, to $21, suggesting an upside potential of 42% for the coming year. (To watch Reagor’s track record, click here)With 3 recent Buy reviews, the analyst consensus on Seabridge is another unanimous Strong Buy. Shares are currently trading at $14.75, while the average price target, of $28.43, incorporates the potential of the company’s gold reserves – and predicts a stellar 93% upside in the next 12 months. (See Seabridge stock analysis on TipRanks)To find good ideas for gold stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

    • Gold Glitters on Coronavirus Fears: 5 Stocks to Buy
      Zacks

      Gold Glitters on Coronavirus Fears: 5 Stocks to Buy

      Gold gains 12.5% year to date outperforming most major asset classes, primarily driven by coronavirus woes.

    • Investing.com

      RBC Capital Sticks to Their Hold Rating for Pretium Resources

      RBC Capital analyst Mark Mihaljevic maintained a Hold rating on Pretium Resources (NYSE:PVG) on Friday, setting a price target of C$13, which is approximately 44.61% above the present share price of $8.99.

    • Why Pretium Resources (PVG) Might be Well Poised for a Surge
      Zacks

      Why Pretium Resources (PVG) Might be Well Poised for a Surge

      Pretium Resources (PVG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

    • 3 Gold Miners to Benefit from the Gold Bull Market
      GuruFocus.com

      3 Gold Miners to Benefit from the Gold Bull Market

      Yamana Gold, Agnico Eagle Mines and Pretium Resources are well positioned to deliver robust cash flows Continue reading...

    • 3 Gold Stocks to Buy in May
      Motley Fool

      3 Gold Stocks to Buy in May

      Golden flowers give way to green leaves, but don't let that stop you from considering these gold stocks for your portfolio.

    • Pretium Resources Inc (PVG) Q1 2020 Earnings Call Transcript
      Motley Fool

      Pretium Resources Inc (PVG) Q1 2020 Earnings Call Transcript

      Joining me today on the call today is our Board Chair, Richard O'Brien; and Jacques Perron, who has just joined Pretium as President and CEO. Richard and Jacques will take the opportunity to discuss our leadership transition, then I will review the operational and financial highlights of the first quarter.

    • Reuters

      CANADA STOCKS-TSX falls on dismal manufacturing PMI, Trump's China tariff threat

      Canada's main stock index fell on Friday on U.S. President Donald Trump's threat to slap new tariffs on China over the coronavirus crisis, and as data showed Canadian manufacturing activity slumped to a record low in April. Trump said late on Thursday his trade deal with China was now of secondary importance to the pandemic, as his administration crafted retaliatory measures over the outbreak. * At 09:39 a.m. ET (13:39 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 181.94 points, or 1.23%, at 14,598.8.

    • GlobeNewswire

      Annual General Meeting Voting Results

      VANCOUVER, British Columbia, April 30, 2020 -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces the voting results from its Annual General Meeting.

    • GlobeNewswire

      Pretivm Reports First Quarter 2020 Operating and Financial Results; Steady Production at Brucejack Continues to Generate Significant Cash Flows

      Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces operating and financial results for the first quarter 2020 (See “Key Operating Metrics” and “Key Financial Metrics” tables below). The Company’s primary commitment is the safety and health of our workforce and neighbouring communities in northwest British Columbia. Only personnel necessary to support gold production continue to work at the mine while COVID-19 restrictions are in place.

    • Oilprice.com

      The Critical Metal Trump Is Desperate To Secure

      COVID-19 will lead to a recession worse than the Great Depression, warns the IMF, but one crucial commodity will thrive while everything else crumbles

    • GlobeNewswire

      Pretivm Appoints Experienced Underground Mining Executive Jacques Perron as President and CEO

      Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announced today that the Board has appointed Jacques Perron as President and Chief Executive Officer, effective April 27, 2020. Most recently Mr. Perron was President, Chief Executive Officer and Director of Thompson Creek Metals Company Inc. until it was acquired by Centerra Gold Inc in 2016. Among his previous senior executive positions in mining, he was President and CEO of St. Andrew Goldfields (2007-2013), Senior Vice President of Iamgold (2006-2007) and Senior Vice President Canada of Cambior Inc. (2004-2006).

    • GlobeNewswire

      Pretivm Files Technical Report on the Brucejack Mine; Provides Release Date of First Quarter 2020 Results

      VANCOUVER, British Columbia, April 23, 2020 -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces that, further to its news release dated March 9,.

    • Hedge Funds Have Never Been This Bullish On Pretium Resources Inc (PVG)
      Insider Monkey

      Hedge Funds Have Never Been This Bullish On Pretium Resources Inc (PVG)

      We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

    • GlobeNewswire

      Pretivm COVID-19 Response and Financial Position

      In order to minimize the number of individuals on site at Brucejack, only personnel necessary to support gold production will continue to work at the mine. As Brucejack is a remote mining operation, the risk to operations from travel restrictions can be significant. Contingency plans are in place should the number of employees available for operations be limited.

    • GlobeNewswire

      Pretivm Updates Brucejack Mine Mineral Resource, Mineral Reserve and Life of Mine Plan

      VANCOUVER, British Columbia, March 09, 2020 -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces an updated Mineral Reserve (the “2020 Mineral.

    • How Does Pretium Resources's (TSE:PVG) P/E Compare To Its Industry, After The Share Price Drop?
      Simply Wall St.

      How Does Pretium Resources's (TSE:PVG) P/E Compare To Its Industry, After The Share Price Drop?

      Unfortunately for some shareholders, the Pretium Resources (TSE:PVG) share price has dived 31% in the last thirty...

    • John Paulson Gains ViacomCBS, Buys 5 Stocks in the 4th Quarter
      GuruFocus.com

      John Paulson Gains ViacomCBS, Buys 5 Stocks in the 4th Quarter

      Firm of merger-arbitrage guru releases portfolio Continue reading...

    • Pretium Resources Enters Oversold Territory
      Zacks

      Pretium Resources Enters Oversold Territory

      Pretium Resources has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

    • Reuters

      CANADA STOCKS-TSX falls as coronavirus cases surge, Bombardier slides

      Canada's main stock index fell on Thursday for the first time in four sessions after a sharp jump in new coronavirus cases in China rattled investors worldwide and planemaker Bombardier slid on reporting a quarterly loss. * At 09:38 a.m. ET (14:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 36.09 points, or 0.2%, at 17,796.76. * A dramatic jump in new infected cases in China after it deployed a new diagnostic method and a record rise in the death toll, wiped any optimism of a slowing spread rate that had propelled Canada's benchmark to new highs for the last two sessions.

    • Kinross (KGC) Q4 Earnings Top Estimates, Revenues Up Y/Y
      Zacks

      Kinross (KGC) Q4 Earnings Top Estimates, Revenues Up Y/Y

      Higher gold prices and record production at the Tasiast mine drove Kinross' (KGC) Q4 results.

    • GlobeNewswire

      Pretivm Reports 2019 Results, Production Outlook and Leadership Transition Plan

      Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces results for the fourth quarter and full year 2019, with 2019 gold production of 354,405 ounces at an all in sustaining cost1 (“AISC”) of $888 per ounce of gold sold. “In 2019, we beat the upper end of our revised gold production guidance and the lower end of our AISC guidance of 350,000 ounces and $900 per ounce of gold sold,” said Joseph Ovsenek, President and CEO of Pretivm.

    • GlobeNewswire

      Pretivm Provides Notice of Fourth Quarter and Full Year 2019 Operational and Financial Results Release Date and Conference Call Details

      VANCOUVER, British Columbia, Feb. 10, 2020 -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) will release fourth quarter and year-end 2019 operational and.

    • Trinseo's (TSE) Earnings and Revenues Lag Estimates in Q4
      Zacks

      Trinseo's (TSE) Earnings and Revenues Lag Estimates in Q4

      Lower prices and reduced volumes in certain segments hurt Trinseo's (TSE) revenues in Q4.