Pretium Resources Inc. (PVG) Trading Down 3.9%
Shares of Pretium Resources Inc. (NYSE:PVG) fell 3.9% on Friday . The company traded as low as $11.32 and last traded at $11.50, with a volume of 562,530 shares. The stock had previously closed at $11.97.
A number of brokerages recently weighed in on PVG. Zacks Investment Research upgraded shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, July 13th. Scotiabank restated a “sector perform” rating and set a $12.00 target price on shares of Pretium Resources in a report on Friday, July 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Pretium Resources in a report on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $13.00.
The company’s market capitalization is $2.06 billion. The stock has a 50 day moving average price of $11.05 and a 200-day moving average price of $7.44.
A hedge fund recently raised its stake in Pretium Resources stock. Schroder Investment Management Group increased its position in Pretium Resources Inc. (NYSE:PVG) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 888,400 shares of the company’s stock after buying an additional 116,479 shares during the period. Schroder Investment Management Group owned about 0.61% of Pretium Resources worth $4,478,000 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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