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Pretium Resources

DB:6P7
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6P7
DB
CA$2B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
  • Pretium Resources has significant price volatility in the past 3 months.
6P7 Share Price and Events
7 Day Returns
4%
DB:6P7
-0.6%
DE Metals and Mining
0.3%
DE Market
1 Year Returns
34.6%
DB:6P7
-46.7%
DE Metals and Mining
-11.7%
DE Market
6P7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pretium Resources (6P7) 4% 20.8% 9.7% 34.6% -0.6% 47.3%
DE Metals and Mining -0.6% -9.8% -9.6% -46.7% -28.7% -36.7%
DE Market 0.3% -2.8% -0.8% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • 6P7 outperformed the Metals and Mining industry which returned -46.7% over the past year.
  • 6P7 outperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
6P7
Industry
5yr Volatility vs Market

6P7 Value

 Is Pretium Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pretium Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pretium Resources.

DB:6P7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:6P7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.025 (1 + (1- 26.5%) (35.94%))
1.198
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.198 * 5.96%)
7.37%

Discounted Cash Flow Calculation for DB:6P7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pretium Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:6P7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.37%)
2019 162.26 Analyst x6 151.12
2020 313.74 Analyst x6 272.14
2021 352.69 Analyst x4 284.93
2022 381.82 Est @ 8.26% 287.28
2023 404.15 Est @ 5.85% 283.21
2024 420.97 Est @ 4.16% 274.74
2025 433.52 Est @ 2.98% 263.51
2026 442.87 Est @ 2.16% 250.71
2027 449.86 Est @ 1.58% 237.19
2028 455.13 Est @ 1.17% 223.49
Present value of next 10 years cash flows $2,528.33
DB:6P7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $455.13 × (1 + 0.23%) ÷ (7.37% – 0.23%)
$6,386.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,386.20 ÷ (1 + 7.37%)10
$3,135.96
DB:6P7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,528.33 + $3,135.96
$5,664.29
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,664.29 / 184.29
$47.01
DB:6P7 Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:PVG)
1.338
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $30.74 x 1.338
CA$41.14
Non-primary Listing Adjustment Factor 1 share in DB:6P7 represents 0.65377x of TSX:PVG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65377x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 41.14 x 0.65377
€26.89
Value per share (EUR) From above. €26.89
Current discount Discount to share price of €8.33
= -1 x (€8.33 - €26.89) / €26.89
69%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pretium Resources is available for.
Intrinsic value
>50%
Share price is €8.33 vs Future cash flow value of €26.89
Current Discount Checks
For Pretium Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pretium Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pretium Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pretium Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pretium Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6P7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.27
TSX:PVG Share Price ** TSX (2019-06-14) in CAD CA$12.74
TSX:PVG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $9.52
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 9.5x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pretium Resources.

DB:6P7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PVG Share Price ÷ EPS (both in USD)

= 9.52 ÷ 0.27

35.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pretium Resources is overvalued based on earnings compared to the Europe Metals and Mining industry average.
  • Pretium Resources is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Pretium Resources's expected growth come at a high price?
Raw Data
DB:6P7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
50.7%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.65x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:6P7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.73x ÷ 50.7%

0.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pretium Resources is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Pretium Resources's assets?
Raw Data
DB:6P7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.93
TSX:PVG Share Price * TSX (2019-06-14) in CAD CA$12.74
TSX:PVG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $9.52
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.25x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:6P7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PVG Share Price ÷ Book Value per Share (both in USD)

= 9.52 ÷ 4.93

1.93x

* Primary Listing of Pretium Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pretium Resources is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Pretium Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Pretium Resources has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

6P7 Future Performance

 How is Pretium Resources expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pretium Resources expected to grow at an attractive rate?
  • Pretium Resources's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pretium Resources's earnings growth is expected to exceed the Germany market average.
  • Pretium Resources's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6P7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6P7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 50.7%
DB:6P7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 11.7%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 46.8%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:6P7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6P7 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 696 324 1
2022-12-31 768 391 2
2021-12-31 755 386 233 5
2020-12-31 653 299 172 7
2019-12-31 522 213 94 7
DB:6P7 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 468 212 49
2018-12-31 455 197 37
2018-09-30 453 188 31
2018-06-30 414 183 13
2018-03-31 267 101 -20
2017-12-31 178 73 -16
2017-09-30 71 34 -22
2017-06-30 -15 -30
2017-03-31 -12 -55
2016-12-31 -12 -61
2016-09-30 -11 -46
2016-06-30 -10 -33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pretium Resources's earnings are expected to grow significantly at over 20% yearly.
  • Pretium Resources's revenue is expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:6P7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Pretium Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6P7 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.26 1.63 0.89 3.00
2020-12-31 0.93 1.24 0.67 5.00
2019-12-31 0.44 0.60 0.19 5.00
DB:6P7 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.27
2018-12-31 0.20
2018-09-30 0.17
2018-06-30 0.07
2018-03-31 -0.11
2017-12-31 -0.09
2017-09-30 -0.12
2017-06-30 -0.17
2017-03-31 -0.30
2016-12-31 -0.35
2016-09-30 -0.28
2016-06-30 -0.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Pretium Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pretium Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pretium Resources has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

6P7 Past Performance

  How has Pretium Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pretium Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pretium Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Pretium Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Pretium Resources has become profitable in the last year making it difficult to compare the Europe Metals and Mining industry average.
Earnings and Revenue History
Pretium Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pretium Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6P7 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 468.25 48.84 15.42
2018-12-31 454.56 36.62 13.95
2018-09-30 453.02 31.05 13.15
2018-06-30 413.83 13.34 12.52
2018-03-31 267.36 -20.25 11.72
2017-12-31 177.93 -16.45 17.23
2017-09-30 70.88 -22.30 17.07
2017-06-30 -30.44 17.03
2017-03-31 -54.60 17.81
2016-12-31 -61.21 11.85
2016-09-30 -45.98 11.91
2016-06-30 -33.36 11.10
2016-03-31 -8.57 9.77
2015-12-31 -0.38 10.10
2015-09-30 -8.50 7.62
2015-06-30 -10.19 7.70
2015-03-31 -10.74 7.43
2014-12-31 -10.75 6.50
2014-09-30 -13.74 7.74
2014-06-30 -12.45 8.21
2014-03-31 -12.90 7.86
2013-12-31 -15.61 8.50
2013-09-30 -15.23 10.17
2013-06-30 -15.46 9.90
2013-03-31 -15.21 10.30
2012-12-31 -15.29 11.08
2012-09-30 -18.62 11.65
2012-06-30 -15.19 12.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pretium Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pretium Resources used its assets more efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • Pretium Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Pretium Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pretium Resources has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

6P7 Health

 How is Pretium Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pretium Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pretium Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pretium Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pretium Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pretium Resources Company Filings, last reported 2 months ago.

DB:6P7 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 908.27 630.41 50.87
2018-12-31 903.13 625.11 45.41
2018-09-30 894.86 789.39 190.32
2018-06-30 876.97 771.55 142.50
2018-03-31 842.29 759.15 70.54
2017-12-31 847.06 744.58 56.29
2017-09-30 842.94 722.43 53.77
2017-06-30 846.73 694.98 55.31
2017-03-31 845.69 676.73 171.95
2016-12-31 824.54 501.16 141.79
2016-09-30 851.99 408.62 178.38
2016-06-30 865.58 386.77 286.31
2016-03-31 882.26 348.25 370.13
2015-12-31 697.41 309.07 279.59
2015-09-30 696.66 324.66 338.34
2015-06-30 707.29 0.00 55.20
2015-03-31 692.18 0.00 81.67
2014-12-31 672.87 0.00 29.79
2014-09-30 697.62 0.00 57.23
2014-06-30 675.87 0.00 18.68
2014-03-31 654.79 0.00 22.39
2013-12-31 657.06 0.00 10.90
2013-09-30 681.19 0.00 29.86
2013-06-30 641.54 0.00 31.79
2013-03-31 627.07 0.00 20.63
2012-12-31 623.28 0.00 29.09
2012-09-30 630.04 0.00 53.75
2012-06-30 593.70 0.00 72.57
  • Pretium Resources's level of debt (67.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 67.5% today).
  • Debt is well covered by operating cash flow (34.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Pretium Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pretium Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

6P7 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pretium Resources dividends. Estimated to be 0.5% next year.
If you bought €2,000 of Pretium Resources shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pretium Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pretium Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:6P7 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:6P7 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.16 1.00
2020-12-31 0.08 1.00
2019-12-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pretium Resources has not reported any payouts.
  • Unable to verify if Pretium Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pretium Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pretium Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Pretium Resources's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Pretium Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pretium Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pretium Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

6P7 Management

 What is the CEO of Pretium Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joseph Ovsenek
COMPENSATION $3,108,747
AGE 59
TENURE AS CEO 2.4 years
CEO Bio

Mr. Joseph J. Ovsenek, P.Eng., L.L.B, also known as Joe, has been President of Pretium Resources Inc. since May 2015 and has been its Chief Executive Officer since January 1, 2017. Mr. Ovsenek has been an Assistant Corporate Secretary of Canplats Resources Corp. since January 2004. Mr. Ovsenek served as the Chief Development Officer of Pretium Resources Inc., from January 2011 to May 2015 and served as its Executive Vice President from March 10, 2014 to May 2015. Mr. Ovsenek served as Vice President of Pretium Resources Inc., since January 2011 until March 10, 2014. Prior to joining Pretivm in 2011, he served for 15 years in senior management roles for Silver Standard Resources Inc. He was Senior Vice President of Corporate at Silver Standard Resources Inc. since February 2003 until to September 2009 and served as its Senior Vice President of Corporate Development from September 2009 to January 2011. He served as Senior Vice President of Silver Standard Resources Inc. since February 1, 2003 and served as its Vice President of Legal from 1996 to 2000. He served as Legal Counsel for Golden Knight Resources Inc. from 1996 to 1999. Prior to joining Silver Standard Resources Inc., he was Partner in the law firm Bragagnolo & Ovsenek from September 2001 to January 2003 and a Lawyer for the law firm Campney & Murphy from May 2000 to September 2001. He has over 20 years of management and legal experience leading the growth of public resource companies. Mr. Ovsenek has been a Director of Pretium Resources Inc. since December 21, 2010. He has been a Director of Silvermex Resources Inc. since November 16, 2010. He served as a Director of Camino Minerals Corporation since April 8, 2015 until July 20, 2017. He served as a Director of Silver One Mining Corporation (also known as Silvermex Resources, Ltd.) since November 4, 2010. He served as an Independent Director of Esperanza Resources Corp.(a/k/a Esperanza Silver Corp.) from June 14, 2005 to February 8, 2008. He served as a Director of Secova Metals Corp. (a/k/a Nova Uranium Corp.) from October 22, 2004 to May 2007. He has been a Member of the Association of Professional Engineers and Geoscientists of British Columbia since 1986. Mr. Ovsenek has been a Practicing Corporate Lawyer for over seventeen years. He has practiced law in British Columbia since 1990. His Areas of Expertise includes Mining Industry Experience; Environment, Safety & Sustainability; Audit/Finance; Capital Markets & Corporate Finance; Legal/Governance; Human Resources & Executive Compensation; Risk Management; Information Technology and Public Reporting & Investor Communication. He is also a Registered Professional Engineer. Mr. Ovsenek is also a Chartered Director (C. Dir.). Mr. Ovsenek graduated from University of British Columbia with a Bachelor of Applied Science Degree in Mechanical Engineering in 1983, P. Eng. in­ 1986 from British Columbia and from University of Toronto with a Bachelor of Law Degree (LLB) in 1989.

CEO Compensation
  • Joseph's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joseph's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Pretium Resources management team in years:

3.4
Average Tenure
59.5
Average Age
  • The tenure for the Pretium Resources management team is about average.
Management Team

Bob Quartermain

TITLE
Founder & Executive Chairman
COMPENSATION
$2M
AGE
63

Joseph Ovsenek

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
59
TENURE
2.4 yrs

Tom S. Yip

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
60
TENURE
4.4 yrs

Michelle Romero

TITLE
Executive Vice President of Corporate Affairs & Sustainability
COMPENSATION
$1M
TENURE
1.4 yrs

Troy Shultz

TITLE
Manager of Investor Relations and Corporate Communications

Vladimir Cvijetinovic

TITLE
VP of Legal & Corporate Secretary
TENURE
0.9 yrs

Ken McNaughton

TITLE
VP & Chief Exploration Officer
COMPENSATION
$1M
AGE
59
TENURE
8.4 yrs

Warwick Board

TITLE
VP of Geology & Chief Geologist
TENURE
6.9 yrs

Lyle Morgenthaler

TITLE
Chief Mining Engineer

Octavia Bath

TITLE
Modelling Geologist
Board of Directors Tenure

Average tenure and age of the Pretium Resources board of directors in years:

4.1
Average Tenure
55
Average Age
  • The tenure for the Pretium Resources board of directors is about average.
Board of Directors

Bob Quartermain

TITLE
Founder & Executive Chairman
COMPENSATION
$2M
AGE
63
TENURE
8.7 yrs

Joseph Ovsenek

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
59
TENURE
8.5 yrs

George Paspalas

TITLE
Lead Director
COMPENSATION
$343K
AGE
55
TENURE
4.1 yrs

Peter Birkey

TITLE
Independent Director
COMPENSATION
$260K
AGE
48
TENURE
5.1 yrs

Dave Smith

TITLE
Independent Director
COMPENSATION
$270K
AGE
59
TENURE
2.1 yrs

Robin Bienenstock

TITLE
Independent Director
COMPENSATION
$378K
AGE
50
TENURE
0.6 yrs

Faheem Tejani

TITLE
Independent Director
COMPENSATION
$423K
AGE
44
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pretium Resources insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. May 19 Buy Joseph Ovsenek Individual 08. May 19 08. May 19 12,500 €7.13 €89,118
04. Mar 19 Buy David Smith Individual 01. Mar 19 01. Mar 19 9,200 €7.14 €65,690
22. Feb 19 Buy RBMP Capital Management LLP Company 21. Feb 19 21. Feb 19 11,000 €6.98 €76,760
02. Oct 18 Sell Kenneth McNaughton Individual 28. Sep 18 01. Oct 18 -130,000 €6.68 €-862,036
21. Sep 18 Sell Warwick Board Individual 18. Sep 18 18. Sep 18 -3,100 €6.83 €-21,185
28. Aug 18 Sell Warwick Board Individual 27. Aug 18 27. Aug 18 -3,000 €7.82 €-23,462
X
Management checks
We assess Pretium Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pretium Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

6P7 News

Simply Wall St News

6P7 Company Info

Description

Pretium Resources Inc. acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.

Details
Name: Pretium Resources Inc.
6P7
Exchange: DB
Founded: 2010
CA$1,563,138,574
184,288,091
Website: http://www.pretivm.com
Address: Pretium Resources Inc.
Four Bentall Centre,
Suite 2300,
Vancouver,
British Columbia, V7X 1L4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PVG Common Shares The Toronto Stock Exchange CA CAD 21. Dec 2010
NYSE PVG Common Shares New York Stock Exchange US USD 21. Dec 2010
DB 6P7 Common Shares Deutsche Boerse AG DE EUR 21. Dec 2010
LSE 0VDK Common Shares London Stock Exchange GB CAD 21. Dec 2010
Number of employees
Current staff
Staff numbers
571
Pretium Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:32
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.