Pretium Resources Inc. (PVG) Stock Price Up 4.1%
Pretium Resources Inc. (NYSE:PVG) shares traded up 4.1% during trading on Wednesday . The stock traded as high as $11.20 and last traded at $11.17, with a volume of 1,044,409 shares. The stock had previously closed at $10.73.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded Pretium Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 30th. Scotiabank restated a “sector perform” rating and set a $10.00 price target on shares of Pretium Resources in a report on Saturday, May 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Pretium Resources in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.00.
The firm’s 50 day moving average is $10.54 and its 200-day moving average is $7.16. The stock’s market cap is $2.00 billion.
Several large investors recently bought and sold shares of the company. Morgan Stanley increased 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 increased 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, Schroder Investment Management Group increased its stake 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.
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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