Pretium Resources Inc. (NYSE:PVG) shares traded down 5% on Friday . The stock traded as low as $11.31 and last traded at $11.47, with a volume of 1,469,823 shares trading hands. The stock had previously closed at $12.07.

Several research analysts recently weighed in on the company. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday. Scotiabank reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Pretium Resources in a research note on Friday, July 1st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Pretium Resources in a research note on Wednesday, June 29th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Pretium Resources has a consensus rating of “Buy” and a consensus target price of $13.00.

The firm’s 50-day moving average price is $9.74 and its 200-day moving average price is $6.78. The company’s market capitalization is $2.04 billion.

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