Shares of Pretium Resources Inc. (NYSE:PVG) shot up 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 traded. The stock had previously closed at $11.70.

Several research firms have weighed in on PVG. Zacks Investment Research raised shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday. Scotiabank restated a “sector perform” rating and issued a $12.00 price objective on shares of Pretium Resources in a research report on Friday, July 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Pretium Resources in a research 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.00.

The company’s market cap is $2.15 billion. The stock’s 50-day moving average is $9.74 and its 200 day moving average is $6.78.

A number of institutional investors recently bought and sold shares of the stock. Schroder Investment Management Group boosted its position in 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. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted 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 valued at $1,310,000 after buying an additional 120,200 shares during the last quarter. Morgan Stanley boosted its position in 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. Finally, TD Asset Management Inc. boosted 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 valued at $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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