Pretium Resources Inc. (NYSE:PVG)’s share price was down 2.5% on Thursday . The stock traded as low as $11.54 and last traded at $11.70, with a volume of 800,156 shares trading hands. The stock had previously closed at $12.00.

Several equities analysts recently weighed in on PVG shares. Roth Capital raised their price objective on shares of Pretium Resources from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 14th. Zacks Investment Research raised shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a research report on Wednesday, April 13th. Scotiabank reaffirmed a “sector perform” rating and set a $10.00 price objective on shares of Pretium Resources in a research report on Saturday, May 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Pretium Resources in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $12.38.

The stock’s market cap is $2.12 billion. The company’s 50-day moving average price is $9.23 and its 200-day moving average price is $6.59.

Several institutional investors have modified their holdings of the stock. Schroder Investment Management Group raised 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. Morgan Stanley increased its position in Pretium Resources by 117.7% in the fourth quarter. Morgan Stanley now owns 225,434 shares of the company’s stock worth $1,136,000 after buying an additional 121,870 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in 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 worth $1,310,000 after buying an additional 120,200 shares during the period. Finally, TD Asset Management Inc. increased its position in Pretium Resources by 25.0% in the fourth quarter. TD Asset Management Inc. now owns 793,463 shares of the company’s stock worth $3,976,000 after buying an additional 158,916 shares during the period.

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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