Pretium Resources Misses Q3 Expectations
November 12 2021 - 12:18PM
TipRanks
Pretium Resources (PVG) reported weaker-than-expected Q3 results,
missing both earnings and revenue estimates. However, shares of the
Canadian gold producer have gained 24.2% over the past six months.
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Performance In Q3, adjusted earnings of $0.13 per share fell short
of analysts’ expectations of $0.15 per share. The company
reported earnings of $0.17 per share in the prior-year period.
Further, revenues declined 5.2% year-over-year to $146.8 million,
missing consensus estimates of $170.7 million. The decrease in
revenues reflects a 7% reduction in average realized gold price to
$1,799 per ounce.
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Pretium Resources (NYSE:PVG)
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