Pretium Resources Inc. (NYSE:PVG)’s share price rose 4.4% on Wednesday . The stock traded as high as $12.32 and last traded at $12.22, with a volume of 995,628 shares trading hands. The stock had previously closed at $11.70.

PVG has been the subject of several recent analyst reports. Zacks Investment Research upgraded Pretium Resources from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Wednesday, April 13th. Scotiabank reiterated a “sector perform” rating and issued a $12.00 price objective on shares of Pretium Resources in a report on Friday, July 1st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Pretium Resources in a report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $13.00.

The company’s market cap is $2.17 billion. The firm has a 50-day moving average of $9.46 and a 200 day moving average of $6.70.

Several large investors have made changes to their positions in PVG. 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 period. 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 period. 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 period. Finally, 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.