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

Several brokerages have recently commented on PVG. Zacks Investment Research raised shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, July 13th. Scotiabank reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Pretium Resources in a report on Friday, July 1st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Pretium Resources in a report on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Pretium Resources presently has a consensus rating of “Buy” and a consensus target price of $13.00.

The stock’s 50-day moving average price is $10.32 and its 200 day moving average price is $7.02. The stock’s market cap is $1.94 billion.

Other large investors have recently modified their holdings of the company. 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 worth $4,478,000 after buying an additional 116,479 shares during the last quarter. 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 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 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 worth $1,310,000 after buying an additional 120,200 shares during the last quarter. Finally, 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 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 projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

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