PVG - Today's Research Reports on Trending Tickers: Pretium Resources and Vale
NEW YORK, NY / ACCESSWIRE / January 10, 2019 / U.S. markets rose for the fourth consecutive session on Wednesday as minutes released from the Federal Reserve's meeting in December showed the Fed would be “patient” when it came to interest rate hikes. The Dow Jones Industrial Average gained 0.39 percent to close at 23,879.12, while the S&P 500 Index rose 0.41 percent to settle at 2,584.96. The Nasdaq Composite Index surged 0.87 percent to close at 6,957.08.
"All the minutes are doing is confirming what they had already hinted at," said Larry McDonald, editor of The Bear Traps Report. "The Fed speak before the minutes was like a fire hose to calm down the markets."
The Market Edge Initiates Coverage on:
Pretium Resources Inc.
https://marketedgereport.com/report/PVG/
Vale S.A.
https://marketedgereport.com/report/VALE/
Pretium Resources' stock moved 10.72% lower Wednesday, to close the day at $7.83. The stock recorded a trading volume of 5,468,609 shares, which was above its three months average volume of 1,805,300 shares. In the last year, Pretium Resources' shares have traded in a range of 6.17 - 11.68. The share price has gained 26.90% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $7.84 is below its 200-day moving average of $8.01. Shares of the company are trading at a Price to Earnings ratio of 46.06. Shares of Pretium Resources have gained roughly 5.95 percent in the past month and are down 7.34 percent year-to-date.
Access The Market Edge's Pretium Resources Inc. Research Report:
https://marketedgereport.com/report/PVG/
On Wednesday, shares of Vale recorded a trading volume of 30,852,030 shares, which was below the three months average volume of 23,021325 shares. The stock ended the day 3.2% higher at $14.51. The share price has fallen 10.04% from its 52week high with a52 week trading range of 11.93 - 16.13. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $13.31 is below its 200-day moving average of $13.84. Shares of the company are trading at a Price to Earnings ratio of 20.78. Shares of Vale have gained roughly 10.43 percent in the past month and are up 10.01 percent year-to-date.
Access The Market Edge's Vale S.A. Research Report:
https://marketedgereport.com/report/VALE/
Our Actionable Research on Pretium Resources Inc. (NYSE:PVG) and Vale S.A. (NYSE:VALE) can be downloaded free of charge at The Market Edge.
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SOURCE: MarketEdgeReport