16:28:51 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Pretium Resources Inc
Symbol PVG
Shares Issued 116,828,081
Close 2014-11-21 C$ 6.87
Market Cap C$ 802,608,916
Recent Sedar Documents

Int'l Speculator downgrades Pretium Resources to hold

2014-11-21 21:36 ET - In the News

The International Speculator, in its Nov. 7, 2014, issue, downgrades Pretium Resources Inc. (recently $5.37) to a hold from a buy. The newsletter said buy on Feb. 7, 2011, at $6.42. It then said sell some -- perhaps half -- on March 4, 2011, at $12.33. Assuming a $1,000 investment, the half sell yielded a one-month profit of $439 and left shares, which cost $500, worth $949. It then said buy six more times between Sept. 5, 2011, and Aug. 6, 2014, at prices ranging from $5.49 to $16.69. Assuming six more $1,000 purchases, and taking into consideration the $500 investment remaining from the March 4, 2011, sell, the $6,500 position is worth $3,947. In the current issue, the writer says Pretium has drilled more high-grade gold at the Brucejack project's Valley of the Kings zone in Northern British Columbia. The results, he says, indicate the project continues to expand. Fellow newsletter writer Jay Taylor said buy four times between Jan. 17, 2011, and June 19, 2013, at prices ranging from $6.45 to $15.55, in his Gold, Energy & Tech Stocks.

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