Pretium Resources Inc. (NYSE:PVG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $11.97 and last traded at $11.96, with a volume of 1,524,245 shares. The stock had previously closed at $11.67.

A number of equities analysts have recently issued reports on PVG shares. Zacks Investment Research raised Pretium Resources from a “sell” rating to a “hold” rating in a research report on Saturday, March 12th. Roth Capital upped their target price on Pretium Resources from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 14th. Scotiabank reissued a “sector perform” rating and issued a $10.00 target price on shares of Pretium Resources in a research report on Saturday, May 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Pretium Resources in a research report on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $12.38.

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

Other institutional investors have modified their holdings of the company. TD Asset Management Inc. boosted its position 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 in the last quarter. Morgan Stanley boosted its position 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 in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position 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 in the last quarter. Finally, Schroder Investment Management Group boosted its position 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 in 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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