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Analyst Actions: Pretium Resources Price Target Gets a Lift at CIBC World

Pretium Resources Inc. (PVG.TO) is consistently hitting mineralization as it drills for more gold at its Brucejack project in British Columbia, the Globe and Mail reported. CIBC World Markets Inc. analyst Brian Quast reportedly said in a research note today he expects the company to announce good news when it updates its Brucejack resource estimates in the fourth quarter, with up to 2 million ounces in gold likely being added.

CIBC World Markets raised the price target by $3 to $15 and maintained a "sector performer" rating.

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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 Nasdaq, Inc.

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