Pretium Resources Inc. (PVG) Shares Down 2.3%
Pretium Resources Inc. (NYSE:PVG)’s share price traded down 2.3% during mid-day trading on Thursday . The company traded as low as $11.63 and last traded at $11.73, with a volume of 631,965 shares. The stock had previously closed at $12.00.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded 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 price objective on shares of Pretium Resources in a research note on Friday, July 1st. Finally, Royal Bank Of Canada restated 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 stock. Pretium Resources presently has an average rating of “Buy” and an average target price of $13.00.
The stock’s market capitalization is $2.09 billion. The stock’s 50 day moving average is $11.35 and its 200 day moving average is $7.68.
A hedge fund recently raised its stake in Pretium Resources stock. Schroder Investment Management Group boosted its stake in shares of Pretium Resources Inc. (NYSE:PVG) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.