Pretium Resources Inc. (NYSE:PVG)’s share price reached a new 52-week high during mid-day trading 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 analysts have issued reports on the stock. Scotiabank restated a “sector perform” rating and issued a $10.00 price objective on shares of Pretium Resources in a research note on Saturday, May 14th. Royal Bank Of Canada restated a “sector perform” rating on shares of Pretium Resources in a research note on Wednesday, June 29th. Finally, Zacks Investment Research downgraded shares of Pretium Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Pretium Resources currently has a consensus rating of “Buy” and an average target price of $13.00.

The company’s 50 day moving average price is $9.60 and its 200 day moving average price is $6.74. The firm’s market capitalization is $2.16 billion.

Other hedge funds have added to or reduced their stakes in the company. Schroder Investment Management Group increased its stake in Pretium Resources by 15.1% in the fourth quarter. Schroder Investment Management Group now owns 888,400 shares of the company’s stock worth $4,478,000 after buying an additional 116,479 shares during the last quarter. Morgan Stanley increased its stake 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 last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake 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 last quarter. Finally, TD Asset Management Inc. increased its stake 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 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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