Pretium Resources Inc. (NYSE:PVG) fell 2.5% during mid-day trading on Thursday . The company traded as low as $11.54 and last traded at $11.70, with a volume of 800,156 shares changing hands. The stock had previously closed at $12.00.

A number of brokerages have issued reports on PVG. Scotiabank reissued a “sector perform” rating and set a $12.00 target price on shares of Pretium Resources in a research note on Friday, July 1st. Zacks Investment Research raised shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research note on Thursday, May 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Pretium Resources in a research note on Wednesday, June 29th. Finally, Roth Capital lifted their target price on shares of Pretium Resources from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, March 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Pretium Resources currently has a consensus rating of “Buy” and a consensus target price of $12.38.

The firm’s market capitalization is $2.07 billion. The stock’s 50 day moving average is $9.11 and its 200-day moving average is $6.54.

Other large investors have recently modified their holdings of the company. Schroder Investment Management Group increased its stake in shares of Pretium Resources by 15.1% in the fourth quarter. Schroder Investment Management Group now owns 888,400 shares of the company’s stock valued at $4,478,000 after buying an additional 116,479 shares during the last quarter. Morgan Stanley increased its stake in shares of Pretium Resources by 117.7% in the fourth quarter. Morgan Stanley now owns 225,434 shares of the company’s stock valued at $1,136,000 after buying an additional 121,870 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Pretium Resources by 176.8% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 188,200 shares of the company’s stock valued at $1,310,000 after buying an additional 120,200 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in shares of Pretium Resources by 25.0% in the fourth quarter. TD Asset Management Inc. now owns 793,463 shares of the company’s stock valued at $3,976,000 after buying an additional 158,916 shares during the last quarter.

Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s wholly owned projects include Brucejack Project and the Snowfield Project. The Company’s only material mineral project for the purposes of NI 43-101 is the Brucejack Project.

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