The Globe and Mail reports in its Tuesday edition that BMO analyst Andrew Kaip began coverage of Pretium Resources ($12.87) with an "outperform" rating, citing its relative valuation, asset quality, development stage, financing level and "safe haven" status. The Globe's David Leeder writes that Mr. Kaip set a share target of $19.50. Analysts on average target the shares at $17.43. Mr. Kaip says in a note: "Even taking into consideration PVG's share price performance through 2016, we are of the view that shares of PVG trade at a 30-per-cent discount to comparable peers using P/NPV [price to net present value] 5 per cent at spot, suggesting investors have assigned a higher risk premium to PVG related to this 'geological risk.' Looking out to 2018, PVG as a medium producer of 500,000 ounces plus of annual production and projected AISC [all-in sustaining costs] of $450 (U.S.), PVG is one of the lowest cost producers with the longest reserve lives. Shares of PVG trade at a larger discount to this future peer group." Canaccord said buy Pretium in the Eye column on Oct. 23, 2015. It was then worth $8.47. The Globe reported on March 4, 2016, that Pretium was a favourite stock at Canaccord. It was then worth $7.16.