Pretium Resources Inc. (NYSE:PVG) shares fell 2.3% during mid-day trading on Thursday . The stock traded as low as $11.63 and last traded at $11.73, with a volume of 631,965 shares traded. The stock had previously closed at $12.00.

Several brokerages recently issued reports on PVG. Scotiabank reiterated a “sector perform” rating and set a $10.00 price target on shares of Pretium Resources in a research report on Saturday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Pretium Resources in a research report on Wednesday, June 29th. Finally, Zacks Investment Research downgraded shares of Pretium Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $13.00.

The firm’s market cap is $2.08 billion. The stock’s 50-day moving average price is $11.35 and its 200-day moving average price is $7.68.

A hedge fund recently raised its stake in Pretium Resources stock. Morgan Stanley boosted its stake in Pretium Resources Inc. (NYSE:PVG) by 117.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 225,434 shares of the company’s stock after buying an additional 121,870 shares during the period. Morgan Stanley owned 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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