Pretium Resources Inc. (NYSE:PVG) shares shot up 3% during trading on Thursday . The company traded as high as $11.12 and last traded at $10.83, with a volume of 862,301 shares changing hands. The stock had previously closed at $10.51.

A number of research firms recently commented on PVG. Scotiabank reiterated a “sector perform” rating and issued a $10.00 price objective on shares of Pretium Resources in a report on Saturday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Pretium Resources in a report on Wednesday, June 29th. Finally, Zacks Investment Research cut Pretium Resources from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. 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 has a consensus rating of “Buy” and a consensus price target of $13.00.

The company has a 50-day moving average price of $10.12 and a 200-day moving average price of $6.96. The stock’s market cap is $1.93 billion.

Several hedge funds and institutional investors have modified their holdings of PVG. Schroder Investment Management Group boosted 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 worth $4,478,000 after buying an additional 116,479 shares during the period. Morgan Stanley boosted its stake 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. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted 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 valued at $1,310,000 after buying an additional 120,200 shares during the last quarter. Finally, TD Asset Management Inc. boosted 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 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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