Pretium Resources Inc. (PVG) Sees Large Volume Increase
Shares of Pretium Resources Inc. (NYSE:PVG) saw an uptick in trading volume on Friday . 1,348,249 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 1,323,369 shares.The stock last traded at $10.60 and had previously closed at $10.23.
A number of brokerages recently weighed in on PVG. Zacks Investment Research raised Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, July 13th. Scotiabank reissued a “sector perform” rating and issued a $12.00 price objective on shares of Pretium Resources in a research note 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Pretium Resources has a consensus rating of “Hold” and a consensus target price of $13.00.
The firm has a 50 day moving average of $11.15 and a 200 day moving average of $8.36. The stock’s market cap is $1.92 billion.
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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