H.C. Wainwright Sticks to Their Buy Rating for Pretium Resources

By Jason Carr

In a report released today, Heiko Ihle from H.C. Wainwright maintained a Buy rating on Pretium Resources (NYSE: PVG), with a price target of $16.50. The company’s shares closed on Friday at $11.40.

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 5.5% and a 37.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Northern Dynasty Minerals.

Pretium Resources has an analyst consensus of Moderate Buy, with a price target consensus of $16.75.

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 2.12M.

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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.