Pretium Resources Inc. (PVG) Sees Large Volume Increase
Pretium Resources Inc. (NYSE:PVG) shares saw unusually-strong trading volume on Wednesday . Approximately 1,029,879 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 1,020,591 shares.The stock last traded at $10.11 and had previously closed at $10.61.
Several equities research analysts have commented on PVG shares. Zacks Investment Research upgraded shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, July 13th. Scotiabank restated a “sector perform” rating and issued a $12.00 price target on shares of Pretium Resources in a research note on Friday, July 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Pretium Resources in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.00.
The company’s market cap is $1.73 billion. The company’s 50-day moving average price is $11.56 and its 200-day moving average price is $8.14.
A hedge fund recently raised its stake in Pretium Resources stock. Connor Clark & Lunn Investment Management Ltd. increased its position in Pretium Resources Inc. (NYSE:PVG) by 72.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,019,830 shares of the company’s stock after buying an additional 428,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.71% of Pretium Resources worth $5,110,000 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.
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