Momentum Stock Watch: Pretium Resources Inc. (PVG)

 

Company Profile:

Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company’s principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia. It also owns interest in the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northern British Columbia. Pretium Resources Inc. was incorporated in 2010 and is headquartered in Vancouver, Canada.

Recent News:

For the third quarter of 2018, the company reported revenue of $110.1 million compared to revenue of $70.9 million in the third quarter 2017. Net earnings were $10.7 million compared to a net loss of $7.0 million in the third quarter 2017.

On Nov.8, 2018, its Board of Directors has appointed Robin Bienenstock as an independent director of the Company. Ms. Bienenstock has also been appointed as a member of the Board’s Corporate Governance and Nominating Committee and Compensation Committee.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

PVG’s strengths can be seen in its strong growth compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the RSI stands at 46.60 with positive bias. We rate Pretium Resources Inc. (PVG) a STRONG BUY.

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