Weak fundamental momentum pushes Pretium Resources Inc. (PVG) lower – Marketing Sentinel

Weak fundamental momentum pushes Pretium Resources Inc. (PVG) lower

Pretium Resources Inc. (NYSE:PVG) has a beta value of 0 and has seen 1,310,393 shares traded in the last trading session. The company, currently valued at $2.12 Billion, closed the last trade at $11.24 per share which meant it gained $0.75 on the day or 7.15% during that session. The PVG stock price is -29.45% off its 52-week high price of $14.55 and 43.51% above the 52-week low of $6.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.41 Million shares traded. The 3-month trading volume is 1.52 Million shares.

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The consensus among analysts is that Pretium Resources Inc. (PVG) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 8 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.06.

Pretium Resources Inc. (NYSE:PVG) trade information

Sporting 7.15% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the PVG stock price touched $11.27- or saw a rise of 0.22%. Year-to-date, Pretium Resources Inc. shares have moved -2.09%, while the 5-day performance has seen it change 2%. Over the past 30 days, the shares of Pretium Resources Inc. (NYSE:PVG) have changed 2.46%. Short interest in the company has seen 7.37 Million shares shorted with days to cover at 4.85.

Wall Street analysts have a consensus price target for the stock at $13.62, which means that the shares’ value could jump 21.17% from current levels. The projected low price target is $10.97 while the price target rests at a high of $17.5. In that case, then, we find that the current price level is +55.69% off the targeted high while a plunge would see the stock lose -2.4% from current levels.

Pretium Resources Inc. (PVG) estimates and forecasts

Earnings growth for 2021 is a modest +116.7%.

Pretium Resources Inc. (NYSE:PVG)’s Major holders

Insiders own 1.44% of the company shares, while shares held by institutions stand at 75.3% with a share float percentage of 76.4%. Investors are also buoyed by the number of investors in a company, with Pretium Resources Inc. having a total of 277 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 21.11 Million shares worth more than $242.33 Million. As of December 30, 2020, Van Eck Associates Corporation held 11.24% of shares outstanding.

The other major institutional holder is Letko, Brosseau & Associates Inc., with the holding of over 10.66 Million shares as of December 30, 2020. The firm’s total holdings are worth over $122.37 Million and represent 5.68% of shares outstanding.


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Also the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. As of March 30, 2021, the former fund manager holds about 4.9% shares in the company for having 9202039 shares of worth $95.43 Million while later fund manager owns 7.13 Million shares of worth $73.93 Million as of March 30, 2021, which makes it owner of about 3.8% of company’s outstanding stock.

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