Pretium Resources (PVG) Surges: Stock Moves 81.6% Higher - Tale of the Tape


Pretium Resources Inc. ( PVG ) was a big mover last session, as the company saw its shares shoot by nearly 82% on the day. The encouraging jump in the share price came on the back of the company's announcement of higher-than-expected gold being produced from the Valley-of-the-Kings Bulk Sample Program. With this news, far more shares changed hands than in a normal session. The closing price represents a substantial upsurge from the near-flat trading range of $2.78 to $3.65 in the past one-month time frame.

This gold mining company has seen one positive revision in the last one month, while its Zacks Consensus Estimate remained unchanged over the same time frame. Friday's price action is encouraging though, so make sure to keep an eye on this stock going forward to see if this recent surge can turn into more strength down the road.

Pretium Resources currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Other favorably ranked stocks in the same industry are Vista Gold Corp. ( VGZ ), Lake Shore Gold Corp. ( LSG ) and Golden Star Resources, Ltd. ( GSS ). All these carry the same Zacks Rank as Pretium Resources.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: GSS , LSG , PVG , VGZ

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