Pretium Resources Gets a Buy Rating from RBC Capital

By Carrie Williams

Pretium Resources (TSX: PVG), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Stephen Walker from RBC Capital remains bullish on the stock and has a C$18 price target.

According to TipRanks.com, Walker is a 2-star analyst with an average return of 0.1% and a 42.7% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Pretium Resources has an analyst consensus of Moderate Buy, with a price target consensus of C$18.

The company has a one year high of C$16.48 and a one year low of C$9.17. Currently, Pretium Resources has an average volume of 453.5K.

Pretium Resources, Inc. acquires, explores, and develops 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 last Friday at $11.79.