How Have the Numbers Shaped Up for Pretium Resources (NYSE:PVG)

Earnings results for Pretium Resources (NYSE:PVG)

Pretium Resources, Inc. is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.21. The reported EPS for the same quarter last year was $0.14.

Pretium Resources last released its quarterly earnings data on February 25th, 2021. The basic materials company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm earned $169.58 million during the quarter, compared to the consensus estimate of $167.20 million. Pretium Resources has generated $0.55 earnings per share over the last year and currently has a price-to-earnings ratio of 21.4. Pretium Resources has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Pretium Resources will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Pretium Resources (NYSE:PVG)

9 Wall Street analysts have issued ratings and price targets for Pretium Resources in the last 12 months. Their average twelve-month price target is $17.84, predicting that the stock has a possible upside of 70.10%. The high price target for PVG is $28.00 and the low price target for PVG is $9.00. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Pretium Resources has received a consensus rating of Hold. The company’s average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $17.84, Pretium Resources has a forecasted upside of 70.1% from its current price of $10.49. Pretium Resources has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Pretium Resources (NYSE:PVG)

Pretium Resources does not currently pay a dividend. Pretium Resources does not have a long track record of dividend growth.

Insiders buying/selling: Pretium Resources (NYSE:PVG)

In the past three months, Pretium Resources insiders have not sold or bought any company stock. 58.21% of the stock of Pretium Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Pretium Resources (NYSE:PVG

Earnings for Pretium Resources are expected to grow by 66.67% in the coming year, from $0.63 to $1.05 per share. The P/E ratio of Pretium Resources is 21.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.08. The P/E ratio of Pretium Resources is 21.41, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 25.97. Pretium Resources has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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