Will Pretium Resources Inc Short Squeeze Soon?

 Will Pretium Resources Inc Short Squeeze Soon?

The stock of Pretium Resources Inc (TSE:PVG) is a huge mover today! About 133,327 shares traded hands. Pretium Resources Inc (TSE:PVG) has risen 88.22% since April 1, 2016 and is uptrending. It has outperformed by 86.26% the S&P500.
The move comes after 6 months negative chart setup for the $2.21 billion company. It was reported on Nov, 7 by Barchart.com. We have $11.79 PT which if reached, will make TSE:PVG worth $176.80M less.

Pretium Resources Inc (TSE:PVG) Ratings Coverage

Out of 7 analysts covering Pretium Resources (TSE:PVG), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $16.75 is the highest target while $8.50 is the lowest. The $12.81 average target is 0.00% above today’s ($12.81) stock price. Pretium Resources has been the topic of 13 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Tuesday, June 28 with “Sector Perform”. Scotia Capital maintained Pretium Resources Inc (TSE:PVG) rating on Friday, July 22. Scotia Capital has “Sector Perform” rating and $16.75 price target.

More recent Pretium Resources Inc (TSE:PVG) news were published by: Fool.com which released: “Why Pretium Resources Inc Shares Plunged Today” on February 23, 2016. Also Forbes.com published the news titled: “Pretium Resources Becomes Oversold (PVG)” on August 24, 2016. Seekingalpha.com‘s news article titled: “Pretium Resources – 2Q’16 Earnings Review” with publication date: August 12, 2016 was also an interesting one.

Pretium Resources Inc. is a Canada-based exploration and development company. The company has a market cap of $2.21 billion. The Firm is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. It currently has negative earnings. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

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