Pretium Resources Inc. (NYSE:PVG) shares shot up 3.9% during trading on Tuesday . The stock traded as high as $11.93 and last traded at $11.86, with a volume of 473,009 shares. The stock had previously closed at $11.41.

Several brokerages have recently commented on PVG. Scotiabank reiterated a “sector perform” rating and set a $10.00 target price on shares of Pretium Resources in a research note on Saturday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Pretium Resources in a research note on Wednesday, June 29th. Finally, Zacks Investment Research downgraded Pretium Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $13.00.

The stock’s market capitalization is $2.11 billion. The firm has a 50 day moving average of $11.16 and a 200-day moving average of $7.57.

A hedge fund recently raised its stake in Pretium Resources stock. Morgan Stanley boosted its position in Pretium Resources Inc. (NYSE:PVG) by 117.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,434 shares of the company’s stock after buying an additional 121,870 shares during the period. Morgan Stanley owned approximately 0.16% of Pretium Resources worth $1,136,000 as of its most recent filing with the SEC.

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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