Pretium Resources Inc. (NYSE:PVG) hit a new 52-week high on Tuesday . The stock traded as high as $12.41 and last traded at $11.78, with a volume of 1,300,592 shares trading hands. The stock had previously closed at $12.07.

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

The firm’s market cap is $2.10 billion. The company’s 50 day moving average is $9.35 and its 200 day moving average is $6.66.

A number of large investors have bought and sold shares of PVG. Morgan Stanley raised 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 period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised 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 period. TD Asset Management Inc. raised 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 period. Finally, Schroder Investment Management Group raised 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 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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