Pretium Resources Inc. (NYSE:PVG) was down 3.9% during mid-day trading on Friday . The stock traded as low as $11.32 and last traded at $11.50, with a volume of 562,530 shares. The stock had previously closed at $11.97.

Several research analysts recently commented on the company. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Wednesday, April 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Pretium Resources in a research report on Wednesday, June 29th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of Pretium Resources in a research report on Saturday, May 14th. Three equities research analysts have rated the stock with a hold rating and four have issued 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 company’s market capitalization is $2.06 billion. The stock’s 50-day moving average price is $11.11 and its 200 day moving average price is $7.47.

An institutional investor recently raised its position in Pretium Resources stock. Morgan Stanley increased its position in Pretium Resources Inc. (NYSE:PVG) by 117.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 225,434 shares of the company’s stock after buying an additional 121,870 shares during the period. Morgan Stanley owned approximately 0.16% of Pretium Resources worth $1,136,000 at the end of the most recent 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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