H.C. Wainwright Believes Pretium Resources (NYSE: PVG) Won’t Stop Here

By Carrie Williams

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Pretium Resources (PVGResearch Report) today and set a price target of $16.50. The company’s shares closed yesterday at $10.69, close to its 52-week high of $10.81.

According to TipRanks.com, Ihle is a 3-star analyst with an average return of 1.7% and a 52.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

Currently, the analyst consensus on Pretium Resources is a Strong Buy with an average price target of $19.55, implying an 82.9% upside from current levels. In a report issued on June 26, RBC Capital also maintained a Buy rating on the stock.

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Pretium Resources’ market cap is currently $1.97B and has a P/E ratio of 40.08. The company has a Price to Book ratio of 2.17.

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Pretium Resources, Inc. engages in the acquisition, exploration, development and operation of 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 in 2010 and is headquartered in Vancouver, Canada.