Pretium Resources Inc. (PVG) Trading 3.9% Higher
Shares of Pretium Resources Inc. (NYSE:PVG) traded up 3.9% during mid-day 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 analysts have recently issued reports on the stock. 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 research note on Wednesday, July 13th. Scotiabank reiterated a “sector perform” rating and issued a $12.00 target price on shares of Pretium Resources in a research note on Friday, July 1st. Finally, Royal Bank Of Canada reiterated 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 has an average rating of “Buy” and a consensus price target of $13.00.
The company’s market cap is $2.13 billion. The firm has a 50-day moving average price of $11.29 and a 200 day moving average price of $7.65.
A hedge fund recently raised its stake in Pretium Resources stock. Morgan Stanley boosted its stake in shares of Pretium Resources Inc. (NYSE:PVG) by 117.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 0.16% of Pretium Resources worth $1,136,000 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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