Roth Capital Believes Pretium Resources (NYSE: PVG) Still Has Room to Grow

By Austin Angelo

In a report released yesterday, Joseph Reagor from Roth Capital reiterated a Buy rating on Pretium Resources (NYSE: PVG), with a price target of $17. The company’s shares opened today at $12.17, close to its 52-week high of $12.53.

According to TipRanks.com, Reagor is a 3-star analyst with an average return of 3.3% and a 40.7% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Superior Drilling Products.

Currently, the analyst consensus on Pretium Resources is Strong Buy and the average price target is $15.50, representing a 27.4% upside.

In a report released today, H.C. Wainwright also assigned a Buy rating to the stock with a $16.50 price target.

The company has a one-year high of $12.53 and a one-year low of $6.82. Currently, Pretium Resources has an average volume of 1.92M.

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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.