Market Overview

UPDATE: BMO Capital Markets Initiates Pretium Resources at Market Perform on Brucejack Resources

Related PVG
IBM, Steel Dynamics, Pretium Lead Monday's After-Hours Movers
Top Performing Industries For December 9, 2014
Pretium Resources Receives All Of The Major Regulatory Permits Required For The Brucejack (Seeking Alpha)

BMO Capital Markets initiated coverage on Pretium Resource (NYSE: PVG) with a Market Perform rating.

BMO Capital Markets commented, "The Brucejack project is an advanced-stage gold project. The company completed a preliminary economic study on the project in February 2012. Current resources total 13.2Moz (measured + indicated + inferred) grading 13.5g/t gold. … Pretium's shares are trading at a 43% discount to the 10% NAV estimate (0.57x P/NAV) of US$15.54 per share using the spot gold price of US$1,604/oz. Junior and emerging gold producers in BMO Research's coverage universe trade, on average, at a 29% discount (0.71x P/NAV) to 10% NAV estimates."

Pretium Resources closed at $8.97 on Wednesday.

Latest Ratings for PVG

Jun 2015H.C. WainwrightAssumesBuy
Jun 2015RBC CapitalMaintainsSector Perform
Jun 2015RBC CapitalMaintainsSector Perform

View More Analyst Ratings for PVG
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Initiation Analyst Ratings


Related Articles (PVG)

View Comments and Join the Discussion!

Get Benzinga's Newsletters