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PVG

Pretium ResourcesTSX:PVG Stock Report

Last Price

CA$17.67

Market Cap

CA$3.3b

7D

-1.1%

1Y

34.7%

Updated

19 Jan, 2022

Data

Company Financials +
PVG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

PVG Stock Overview

Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas.

Rewards

Trading at 60% below our estimate of its fair value

Risk Analysis

No risks detected for PVG from our risk checks.

Pretium Resources Competitors

Endeavour Mining

TSX:EDV

CA$6.8b

B2Gold

TSX:BTO

CA$4.7b

NovaGold Resources

TSX:NG

CA$2.8b

IAMGOLD

TSX:IMG

CA$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Pretium Resources
Historical stock prices
Current Share PriceCA$17.67
52 Week HighCA$18.57
52 Week LowCA$10.40
Beta0.86
1 Month Change2.32%
3 Month Change29.83%
1 Year Change34.68%
3 Year Change92.69%
5 Year Change26.12%
Change since IPO192.07%

Recent News & Updates

Nov 03
These 4 Measures Indicate That Pretium Resources (TSE:PVG) Is Using Debt Safely

These 4 Measures Indicate That Pretium Resources (TSE:PVG) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Oct 12
We Think Pretium Resources (TSE:PVG) Might Have The DNA Of A Multi-Bagger

We Think Pretium Resources (TSE:PVG) Might Have The DNA Of A Multi-Bagger

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...

Shareholder Returns

PVGCA Metals and MiningCA Market
7D-1.1%-0.6%0.2%
1Y34.7%-1.4%18.2%

Return vs Industry: PVG exceeded the Canadian Metals and Mining industry which returned -1.4% over the past year.

Return vs Market: PVG exceeded the Canadian Market which returned 18.2% over the past year.

Price Volatility

Is PVG's price volatile compared to industry and market?
PVG volatility
PVG Average Weekly Movement6.1%
Metals and Mining Industry Average Movement10.5%
Market Average Movement9.8%
10% most volatile stocks in CA Market17.5%
10% least volatile stocks in CA Market3.7%

Stable Share Price: PVG is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PVG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010831Jacques Perronhttps://www.pretivm.com

Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interests in the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,306 hectares located in northwestern British Columbia.

Pretium Resources Fundamentals Summary

How do Pretium Resources's earnings and revenue compare to its market cap?
PVG fundamental statistics
Market CapUS$2.65b
Earnings (TTM)-US$35.16m
Revenue (TTM)US$611.14m

4.3x

P/S Ratio

-75.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PVG income statement (TTM)
RevenueUS$611.14m
Cost of RevenueUS$413.45m
Gross ProfitUS$197.69m
ExpensesUS$232.86m
Earnings-US$35.16m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.19
Gross Margin32.35%
Net Profit Margin-5.75%
Debt/Equity Ratio22.3%

How did PVG perform over the long term?

See historical performance and comparison

Valuation

Is Pretium Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PVG (CA$17.67) is trading below our estimate of fair value (CA$44.13)

Significantly Below Fair Value: PVG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PVG is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.

PE vs Market: PVG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PVG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PVG is overvalued based on its PB Ratio (3.1x) compared to the CA Metals and Mining industry average (2.4x).


Future Growth

How is Pretium Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

4.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PVG's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if PVG's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PVG's revenue (4.9% per year) is forecast to grow slower than the Canadian market (5.4% per year).

High Growth Revenue: PVG's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PVG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Pretium Resources performed over the past 5 years?

28.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PVG is currently unprofitable.

Growing Profit Margin: PVG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PVG is unprofitable, but has reduced losses over the past 5 years at a rate of 28.5% per year.

Accelerating Growth: Unable to compare PVG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PVG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (93.2%).


Return on Equity

High ROE: PVG has a negative Return on Equity (-4.14%), as it is currently unprofitable.


Financial Health

How is Pretium Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PVG's short term assets ($257.5M) exceed its short term liabilities ($200.6M).

Long Term Liabilities: PVG's short term assets ($257.5M) exceed its long term liabilities ($189.5M).


Debt to Equity History and Analysis

Debt Level: PVG has more cash than its total debt.

Reducing Debt: PVG's debt to equity ratio has reduced from 48.1% to 22.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PVG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PVG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49.6% per year.


Dividend

What is Pretium Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PVG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PVG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PVG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PVG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PVG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Jacques Perron (60 yo)

1.75yrs

Tenure

US$2,403,584

Compensation

Mr. Jacques Perron, Ing, P.Eng, B.Sc., serves as President and Chief Executive Officer at Pretium Resources Incorporated since April 24, 2020 and has been its Director since April 30, 2020. He joined Preti...


CEO Compensation Analysis

Compensation vs Market: Jacques's total compensation ($USD2.40M) is about average for companies of similar size in the Canadian market ($USD2.84M).

Compensation vs Earnings: Insufficient data to compare Jacques's compensation with company performance.


Leadership Team

Experienced Management: PVG's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: PVG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pretium Resources Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Pretium Resources Inc.
  • Ticker: PVG
  • Exchange: TSX
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$3.321b
  • Shares outstanding: 187.92m
  • Website: https://www.pretivm.com

Number of Employees


Location

  • Pretium Resources Inc.
  • Four Bentall Centre
  • Suite 2300
  • Vancouver
  • British Columbia
  • V7X 1L4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 00:07
End of Day Share Price2022/01/18 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.