Pretium Resources Inc. (NYSE:PVG)’s share price rose 3.6% on Wednesday . The stock traded as high as $10.71 and last traded at $10.49, with a volume of 778,618 shares changing hands. The stock had previously closed at $10.13.

Several equities research analysts have recently issued reports 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 objective on the stock in a research report on Wednesday, July 13th. Scotiabank reiterated a “sector perform” rating and set a $12.00 price objective on shares of Pretium Resources in a research report on Friday, July 1st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Pretium Resources in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Pretium Resources has an average rating of “Hold” and an average price target of $13.38.

The firm’s market cap is $2.02 billion. The firm has a 50 day moving average of $11.04 and a 200 day moving average of $8.91.

A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Pretium Resources by 3,797.6% in the second quarter. Tower Research Capital LLC TRC now owns 9,900 shares of the company’s stock worth $143,000 after buying an additional 9,646 shares during the last quarter. IFP Advisors Inc increased its stake in Pretium Resources by 1,343.5% in the second quarter. IFP Advisors Inc now owns 13,136 shares of the company’s stock worth $147,000 after buying an additional 12,226 shares during the last quarter. Shell Asset Management Co. increased its stake in Pretium Resources by 25.8% in the second quarter. Shell Asset Management Co. now owns 15,593 shares of the company’s stock worth $225,000 after buying an additional 3,200 shares during the last quarter. Legal & General Group Plc increased its stake in Pretium Resources by 91.0% in the second quarter. Legal & General Group Plc now owns 17,000 shares of the company’s stock worth $189,000 after buying an additional 8,100 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Pretium Resources by 30.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 17,362 shares of the company’s stock worth $194,000 after buying an additional 4,007 shares during the last quarter. Institutional investors own 43.02% of the company’s stock.

About Pretium Resources

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.

5 Day Chart for NYSE:PVG

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