Shares of Pretium Resources Inc. (NYSE:PVG) gapped up before the market opened on Wednesday . The stock had previously closed at $11.83, but opened at $11.85. Pretium Resources shares last traded at $12.02, with a volume of 557,169 shares trading hands.

Several brokerages 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 price objective on the stock in a research report on Wednesday, July 13th. Scotiabank reaffirmed a “sector perform” rating and set a $12.00 price target 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Pretium Resources presently has an average rating of “Buy” and an average price target of $13.00.

The firm’s market cap is $2.13 billion. The firm has a 50-day moving average of $11.29 and a 200 day moving average of $7.65.

A hedge fund recently raised its stake in Pretium Resources stock. Morgan Stanley boosted its stake in shares of Pretium Resources Inc. (NYSE:PVG) by 117.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 0.16% of Pretium Resources worth $1,136,000 at the end of the most recent reporting period.

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's FREE daily email newsletter.