Price Crosses Moving Average
|Bid||7.96 x 2900|
|Ask||8.31 x 2200|
|Day's Range||8.16 - 8.40|
|52 Week Range||4.05 - 13.83|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||35.52|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.66|
Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that it has accepted the resignation of David Prins, Vice President, Operations, who will be departing the Company on August 31, 2020 or such other date as may be mutually agreed. The Company is initiating a search for a new leader for its operations and Mr. Prins will continue to assist in his current role until his departure in order to ensure an orderly transition. Mr. Prins was appointed Vice President, Operations in 2018.
VANCOUVER, British Columbia, June 16, 2020 -- Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that it has filed a final short form base shelf.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
VANCOUVER, British Columbia, June 05, 2020 -- Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that it has filed a preliminary short form base.
Gold ETFs report record inflows during the January-May period as investors continue to pile onto the metal seen as a safe haven during turbulent times.
As the international space race is heating up, countries need this critical metal which is used in different high tech applications, including space travel
The Zacks Analyst Blog Highlights: AngloGold Ashanti, Barrick Gold, B2Gold, Pretium Resources and Kinross Gold
The Zacks Analyst Blog Highlights: AngloGold Ashanti, Alamos Gold, B2Gold, Pretium Resources and Gold Fields
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.
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.
Pretium Resources (PVG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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.
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.
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.
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.
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
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).
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,.
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 […]
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.
VANCOUVER, British Columbia, March 09, 2020 -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces an updated Mineral Reserve (the “2020 Mineral.
Unfortunately for some shareholders, the Pretium Resources (TSE:PVG) share price has dived 31% in the last thirty...