NYSE:PVG (Canada) Also Trade In: Canada Germany UK

Pretium Resources Inc $ 13.78 -0.36 (-2.55%)

Volume:
2,865,438
Avg Vol (1m):
2,352,308
Market Cap $:
2.58 Bil
Enterprise Value $:
2.91 Bil
P/E (TTM):
38.62
P/B:
2.49
Warning! GuruFocus has detected 3 Medium warning signs with PVG. Click here to check it out.
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Pretium Resources Inc News and Headlines -

GuruFocus Articles Total 19
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Yamana Gold, Agnico Eagle Mines and Pretium Resources are well positioned to deliver robust cash flows

Gold price outlook

In the first quarter of 2020, the U.S. gross domestic product contracted 4.8% on an annualized basis, marking the steepest decline since the final quarter of 2008. The manufacturing sector recorded its lowest level of activity over the last 11 years.

Furthermore, the risk of a new trade dispute between the U.S. and China contributes to global market uncertainty.

As a result, investors are flocking to safe haven assets to combat volatility, bringing a tailwind to gold prices.

To take advantage of the gold bull market, investors may want to consider the stocks of companies that

174 Views    Alberto Abaterusso    2020-05-05 16:29
Firm of merger-arbitrage guru releases portfolio

John Paulson (Trades, Portfolio), president and manager of Paulson & Co., disclosed this month that his firm gained a holding in ViacomCBS Inc. (VIAC) following a merger and established five new positions during the fourth quarter: Pretium Resources Inc. (PVG), Tech Data Corp. (TECD), Tiffany & Co. (TIF), LogMeIn Inc. (LOGM) and Innophos Holdings Inc. (IPHS).

A former mergers and acquisitions banker, Paulson established his New York-based firm as a merger arbitrage hedge fund, seeking to make money from situations when one public company announces plans to take over a second company. The fund manager detailed a

380 Views    James Li    2020-02-26 22:02
The miner has several catalysts

On the heels of renewed optimism regarding a potential resolution to the trade war between the U.S. and China, shares of several gold mining companies declined on Monday. In addition, the VanEck Vectors Gold Miners (GDX) exchange-traded fund fell 1.24% to $27.93 per share.

Gold stocks are being used by investors to shield their portfolios from the volatility created by uncertainties related to the ongoing trade dispute.

The price of the bullion closed 1.23% lower at $1,496.60 per troy ounce on Monday, but compared to its cumulative average of $1,336.45 and early 2019 price levels, the precious metal is still

96 Views    Alberto Abaterusso    2019-08-20 18:09
The company reports a boost in 3rd-quarter sales

Despite a declining commodity, Pretium Resources Inc. (PVG)'s Brucejack high-grade gold deposit in British Columbia delivered a profitable third quarter of 2018, generating an adjusted net profit of $26.3 million or 14 cents per share from the production and sale of the yellow metal. The stock is therefore expected to soar on the stock market.

But let's see more details why.

The earnings growth of 75% year-over-year was backed by revenues of $110.06 million. The turnover sales grew over 55% from the comparable quarter of 2017 thanks to an impressive volume of gold placed on the market. The company sold

48 Views    Alberto Abaterusso    2018-11-09 19:25
The miner issued results on gold output for the 3rd quarter

Pretium Resources Inc. (PVG) released impressive third-quarter production results from the Brucejack Mine on Oct. 9. The high-grade gold deposit in British Columbia produced 92,641 ounces of gold, which was 12.7% growth from the same quarter of 2017.

That was a great achievement thanks to a 90-basis point increase in the gold recovery rate to 97.4% and a significant improvement in the head grade to 12.4 grams of gold per ton of ore.

In addition, the output was higher even though the mill facility was given a lower volume of material to process. The facility was supplied with 240,122 tons

51 Views    Alberto Abaterusso    2018-10-09 18:20
The agreement with the banks corroborates predictions on price target

Pretium Resources Inc. (PVG) soared 5.8% to $8.42 per share on the New York Stock Exchange on Thursday, Oct. 4 following the announcement of the agreement that the miner has reached with The Bank of Nova Scotia, Societe Generale and ING Capital LLC for the refinancing of its construction credit facility. The company has secured a $480 million signed commitment letter from the banks.

The credit facility will be used for the construction of the Brucejack Mine, a high-grade gold deposit in British Columbia.

At this mine, the company is hoping to produce 404,000 ounces of refined gold from proven

32 Views    Alberto Abaterusso    2018-10-05 14:33
The Canadian miner will cancel its obligation to deliver 8% gold and silver stream

Pretium Resources Inc. (PVG), the Canadian precious metal producer and explorer of properties in the Americas, will repurchase the entire callable 8% gold and silver stream of the total production that the company will make at Brucejack Mine in northwestern British Columbia.

Pretium Resources Inc. sold the stream for $150 million in 2015 to fund the construction of the underground mine at Brucejack. At that time, the financing also included a $350 million line of credit and a $40 million private placement of ordinary shares of Pretium. The company never undertook an equity financing transaction.

The move is value accretive

71 Views    Alberto Abaterusso    2018-09-25 16:58
Pretium Resources is an interesting option. The miner beat consensus on 2nd quarter sales and earnings

Monday, Aug. 13, has been a negative day for gold investors. On the London Bullion Market, the precious metal closed at $1,200 an ounce and dropped over $14 per troy ounce in just one trading day. Yesterday’s close was about $100 per troy ounce below the year-to-date cumulative average price of $1,300.48 and down 8.5% from the beginning of 2018.

The U.S. dollar is dominant. Despite a 1.3% drop yesterday to $95.17, the drift in the U.S. Dollar Index (DXY) remains positive. The yellow metal is inversely related to the U.S. dollar, and the rest follows.

Yesterday was not positive

74 Views    Alberto Abaterusso    2018-08-14 16:26
Investors may want to wait to increase shares of Pretium Resources on any significant weakness

Shares of Canadian small gold producer, Pretium Resources Inc. (PVG) soared nearly 15%, closing at $9.28 a share on Monday, after results of gold production for the second quarter exceeded expectations.

Pretium Resources delivered 111,340 ounces of gold. In total, second-quarter gold output represented a 47.2% increase from the prior trimester. An anticipation that the miner would exceed expectations on gold output was already in the air as the stock began to climb in early July. But the announcement on Monday popped it over the 200-SMA line.

As a result, Pretium Resources is not so cheap anymore. Before acquiring shares,

33 Views    Alberto Abaterusso    2018-07-10 16:53
The company has completed exploration activities at The Brucejack Project in Canada

Pretium Resources Inc. (PVG) announced the completion of exploration activities at its Canadian Brucejack Project. The company's stock jumped 4.46% to $7.50 per share on the heels of the announcement at the end of regular trading on Monday, June 18.

The Brucejack mine is situated north of Stewart City in northwestern British Columbia. The company's mining activities are taking place about one kilometer west of the Flow Dome Zone.

The exploration team was looking for continuity of mineralization in the underground area, which is between the Valley of the Kings and the Flow Dome Zone. The drilling results also provide

90 Views    Alberto Abaterusso    2018-06-19 14:29
Miner expects a meaningful improvement in gold output in the 2nd quarter

Pretium Resources Inc. (PVG) tumbled 4.53% to $7.17 on April 13, two days after the miner released production results for the first quarter of fiscal 2018.

Due to steady growth in the production of gold for the three months through March 31, Pretium Resources reported a production volume of 75,689 ounces of gold from its Brucejack Mine.

The mine, which is located in Canada, produced 15,143 ounces in January, 27,636 ounces in February and 32,910 ounces of gold in March. The gold grade also improved from 5.1 grams per ton of ore in January to 10.9 grams per ton in

67 Views    Alberto Abaterusso    2018-04-15 19:58
Analysts are predicting a stock appreciation in upcoming days

Pretium Resources Inc. (PVG) beat concensus for net profit by 1 cent in the fourth quarter by posting net profit of 7 cents per share. It also beat on revenue by $23.62 million by posting revenue of $107.1 million.

The performance will likely trigger a market appreciation over the next days of trading in the stock.

The stock is very cheap, according to the chart powered from GuruFocus: Pretium Resources is trading below the 200, 100 and 50-SMA lines and the current share price of $6.57 per share is only 40 cents above the 52-week low of $6.17 per share.

48 Views    Alberto Abaterusso    2018-03-09 15:32
The miner reported results for first 6 months of production ramp-up at Brucejack Mine

Shares of Pretium Resources Inc. (PVG) tumbled 26.51% yesterday, Jan. 23, to $7.93 on the New York Stock Exchange following gold production ramp-up results at Brucejack Mine. These results refer to the first six-month period of operations in northwest British Columbia. Brucejack is a high-grade gold underground mine that is located not far from the village of Stewart.

The company also updated its shareholders with operating results for the last quarter of 2017.

In the last quarter of 2017, Pretium Resources produced 70,281 ounces of gold. The production of gold resulting from the first six months of ramp-up

188 Views    Alberto Abaterusso    2018-01-24 15:55
Dow Jones soars more than 100 points

U.S. stock market indexes opened higher on Monday with the three indexes well in the green as North Korea tensions ease. Futures for the Dow Jones Industrial Average rose 133 points to 21,991. The Standard & Poor’s 500 index futures gained 19 points to 2,461 and futures for the Nasdaq 100 index jumped 62 points to 6,317.

Some big moves in premarket trading were:

ZTO Express (Cayman) Inc. (ZTO) shares were up almost 4.7% in morning trading on the back of the company reporting better-than-expected earnings and revenue for its first quarter. EPS of 10 cents beat expectations by one

72 Views    Omar Venerio    2017-08-14 15:52
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman]Seth Klarman[/url] in the third quarter purchased a classic Klarman stock – a company whose share price is struggling under the weight of major government regulation. The investor built his fortune at his Boston-based Baupost Group buying undervalued, low-risk equities and “cigar butts,” or stocks of declining businesses that might have a remaining bounce left in their stock price, and having utmost patience. In September, a dearth of suitable new investment opportunities led him to return some money to investors in order to keep his assets under management at his target $25 billion, according to Institutional Investor’s Alpha. [b]The New
2329 Views    Holly LaFon    2013-11-26 21:37
This week the metals and mining sector has fallen to eighth position of the top ten U.S. sectors with the most companies on a 52-week-low. The metals and mining sector currently has 21 companies out of 173 on a 52-week low. Here’s a review of four companies with precious metals and mineral projects advancing into production. Companies were also screened for their low share prices along with billionaire stakeholders. [b]U.S. Industry Sector: Metals & Mining[/b] [b]Highlight: Pretivm Resources Inc. (PVG) [/b] The current PVG share price is $3.34, or 76.9% off the 52-week high of $14.46. Down 75% over 12
962 Views    Sally Jones    2013-10-23 15:18
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman]Seth Klarman[/url], widely recognized as one of the best living investors, purchased five new positions in the second quarter, according to his portfolio report today. All of the stocks come from the metals and mining or semiconductor sectors. With the new additions, his concentrated portfolio contains 24 holdings total, with a value of $4.02 billion and a 41.3% sector weighting in technology – the largest sector represented. Klarman runs the Boston-based Baupost Group and prizes the cheapest of the cheap stocks. His new holdings, in order from largest to smallest, are: Micron Technology (MU), Chipmos Technologies Bernuda Ltd. (IMOS), Yamana
3070 Views    Holly LaFon    2013-08-14 21:55
Passport Capital’s [url=http://www.gurufocus.com/StockBuy.php?GuruName=John+Burbank]John Burbank[/url] describes his investment approach as a combination of macroeconomic trend concepts and fundamental analysis of individual companies. He also studies sectors “to identify opportunities resulting from the long term expansion of leading emerging economies, select natural resource scarcity, and the power of networks, brands, and intellectual property common to the technology, consumer, and service sectors.” His firm’s implementation of the strategy has delivered an annualized 23 percent return since its inception in 2000. At $3.7 billion in assets under management, Passport focuses primarily on equities, with a portfolio valued at $2.58 billion. Burbank’s latest favorite sector
1531 Views    Holly LaFon    2013-02-25 00:22
While relatively young, [url=http://www.gurufocus.com/StockBuy.php?GuruName=John+Burbank]John Burbank[/url]’s firm, Passport Capital, has been quite successful on the strength of its fundamentals-focused stock picking and more exotic plays based on global macro conditions. Since Burbank launched Passport in 2000, he has grown assets to $3.3 billion under management, delivered an annualized 23 percent return to investors, and, this month, become GuruFocus’ newest Guru. In his pre-hedge fund past, Burbank was a consultant to Roger Richter of JMG Triton Offshore Ltd. and director of research at ValueVest Management. His investing career began just before the late-‘90s Asian crisis, where he learned valuable lessons that helped
1295 Views    Holly LaFon    2012-05-21 21:45

Headlines Total 109
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