Pretium Resources Inc. (PVG) Stock Price Down 3.7%
Pretium Resources Inc. (NYSE:PVG) shares traded down 3.7% during trading on Wednesday . The company traded as low as $11.25 and last traded at $11.36, with a volume of 883,167 shares changing hands. The stock had previously closed at $11.80.
A number of research analysts recently commented on the company. Scotiabank reiterated a “sector perform” rating and issued a $10.00 price objective on shares of Pretium Resources in a report on Saturday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Pretium Resources in a report on Wednesday, June 29th. Finally, Zacks Investment Research cut Pretium Resources from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Pretium Resources currently has a consensus rating of “Buy” and an average target price of $13.00.
The stock’s market cap is $2.09 billion. The company has a 50-day moving average price of $11.51 and a 200-day moving average price of $7.89.
Several large investors recently bought and sold shares of PVG. 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 worth $1,136,000 after buying an additional 121,870 shares during the last quarter. 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 worth $4,478,000 after buying an additional 116,479 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Pretium Resources by 72.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,019,830 shares of the company’s stock worth $5,110,000 after buying an additional 428,500 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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