DB:6P7

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Pretium Resources

Executive Summary

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


Snowflake Analysis

Fair value with questionable track record.


Similar Companies

Share Price & News

How has Pretium Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6P7's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.7%

6P7

2.0%

DE Metals and Mining

0.7%

DE Market


1 Year Return

-18.5%

6P7

-26.3%

DE Metals and Mining

3.9%

DE Market

Return vs Industry: 6P7 exceeded the German Metals and Mining industry which returned -26.3% over the past year.

Return vs Market: 6P7 underperformed the German Market which returned 3.9% over the past year.


Shareholder returns

6P7IndustryMarket
7 Day1.7%2.0%0.7%
30 Day-1.8%4.2%5.3%
90 Day23.1%17.5%17.3%
1 Year-18.5%-18.5%-25.7%-26.3%6.2%3.9%
3 Year-12.5%-12.5%-63.4%-64.5%1.8%-6.2%
5 Year56.8%56.8%-58.2%-60.3%9.3%-5.4%

Price Volatility Vs. Market

How volatile is Pretium Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

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: 6P7 (€7.5) is trading below our estimate of fair value (€17.23)

Significantly Below Fair Value: 6P7 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6P7 is poor value based on its PE Ratio (49.5x) compared to the XE Metals and Mining industry average (10.3x).

PE vs Market: 6P7 is poor value based on its PE Ratio (49.5x) compared to the German market (21x).


Price to Earnings Growth Ratio

PEG Ratio: 6P7 is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: 6P7 is good value based on its PB Ratio (2.2x) compared to the DE Metals and Mining industry average (3.2x).


Next Steps

Future Growth

How is Pretium Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

15.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6P7's forecast earnings growth (15% per year) is above the savings rate (0.2%).

Earnings vs Market: 6P7's earnings (15% per year) are forecast to grow slower than the German market (22.4% per year).

High Growth Earnings: 6P7's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6P7's revenue (3.4% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: 6P7's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6P7's Return on Equity is forecast to be low in 3 years time (14.8%).


Next Steps

Past Performance

How has Pretium Resources performed over the past 5 years?

51.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6P7 has high quality earnings.

Growing Profit Margin: 6P7's current net profit margins (8.5%) are lower than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: 6P7 has become profitable over the past 5 years, growing earnings by 51.2% per year.

Accelerating Growth: 6P7's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6P7 had negative earnings growth (-11.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (0.5%).


Return on Equity

High ROE: 6P7's Return on Equity (4.5%) is considered low.


Next Steps

Financial Health

How is Pretium Resources's financial position?


Financial Position Analysis

Short Term Liabilities: 6P7's short term assets ($78.3M) do not cover its short term liabilities ($121.6M).

Long Term Liabilities: 6P7's short term assets ($78.3M) do not cover its long term liabilities ($491.9M).


Debt to Equity History and Analysis

Debt Level: 6P7's debt to equity ratio (46.7%) is considered high.

Reducing Debt: Insufficient data to determine if 6P7's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 6P7's debt is well covered by operating cash flow (52.9%).

Interest Coverage: 6P7's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


Next Steps

Dividend

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

0.15%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6P7's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6P7'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 6P7's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6P7'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 6P7's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Jacques Perron (59yo)

0.25

Tenure

Mr. Jacques Perron, Ing, P.Eng, serves as President and Chief Executive Officer at Pretium Resources Incorporated since April 24, 2020 and serves as its Director since May 01, 2020. He has been a Non-Indep ...


Leadership Team

NamePositionTenureCompensationOwnership
Tom S. Yip
Executive VP & CFO5.5yrsUS$890.89k0.029% $411.5k
David Prins
Vice President of Operations2.17yrsUS$1.00m0.015% $204.7k
Kenneth McNaughton
VP & Chief Exploration Officer9.5yrsUS$704.37k0.24% $3.4m
Jacques Perron
President0.25yrno data0.0027% $37.4k
John Hayes
Senior Vice President of Business Development & Investor Relations0.92yrno data0.0083% $115.9k
Vladimir Cvijetinovic
VP of Legal & Corporate Secretary2yrsno datano data
Troy Shultz
Manager of Investor Relations & Corporate Communicationsno datano datano data
Michelle Romero
Executive Vice President of Corporate Affairs & Sustainability2.5yrsUS$1.24m0.027% $374.1k
Lyle Morgenthaler
Chief Mining Engineerno datano datano data
Joel Ashburner
Chief Mine Exploration Geologistno datano datano data

2.2yrs

Average Tenure

61yo

Average Age

Experienced Management: 6P7's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jacques Perron
President0.25yrno data0.0027% $37.4k
David Smith
Independent Director3.17yrsUS$110.00k0.015% $213.7k
Richard O'Brien
Independent Chairman of the Board0.50yrUS$253.12k0.0064% $89.8k
George Paspalas
Independent Director7.17yrsUS$180.00k0.023% $316.2k
Jeane Hull
Independent Director0.67yrUS$253.12k0.00027% $3.8k
Robin Bienenstock
Independent Director1.67yrsUS$102.52k0.0023% $32.1k
Peter Birkey
Independent Director6.17yrsUS$105.00k0.056% $786.8k
Faheem Tejani
Independent Director2.17yrsUS$85.00kno data

1.9yrs

Average Tenure

58yo

Average Age

Experienced Board: 6P7's board of directors are not considered experienced ( 1.9 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: 6P7 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pretium Resources Inc.
  • Ticker: 6P7
  • Exchange: DB
  • Founded: 2010
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$2.148b
  • Listing Market Cap: CA$1.396b
  • Shares outstanding: 186.64m
  • Website: https://www.pretivm.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PVGTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2010
6P7DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2010
PVGNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 2010
0VDKLSE (London Stock Exchange)YesCommon SharesGBCADDec 2010

Biography

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 3,305.85 hectares located in northwestern British Columbia. It also owns 100% interest in the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northern British Columbia. The company was founded in 2010 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 21:37
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.