Pretium Resources Inc. (NYSE:PVG)’s share price traded down 3.9% during trading on Monday . The company traded as low as $10.32 and last traded at $10.48, with a volume of 630,931 shares. The stock had previously closed at $10.91.

A number of equities analysts have commented on the company. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, July 13th. Scotiabank reissued a “sector perform” rating and issued a $12.00 price objective on shares of Pretium Resources in a research note on Friday, July 1st. Finally, Royal Bank Of Canada reissued 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 given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $13.00.

The firm has a 50 day moving average price of $10.39 and a 200-day moving average price of $7.09. The stock’s market capitalization is $1.86 billion.

A number of institutional investors recently added to or reduced their stakes in the company. TD Asset Management Inc. increased 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 worth $3,976,000 after buying an additional 158,916 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 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 worth $1,310,000 after buying an additional 120,200 shares during the last quarter. Morgan Stanley increased its position 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. Finally, Schroder Investment Management Group increased 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 worth $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 projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.