Pretium Resources Inc. (PVG) Sees Large Volume Increase
Shares of Pretium Resources Inc. (NYSE:PVG) saw unusually-strong trading volume on Wednesday . Approximately 1,029,879 shares traded hands during trading, an increase of 1% from the previous session’s volume of 1,020,591 shares.The stock last traded at $10.11 and had previously closed at $10.61.
A number of analysts have recently issued reports on PVG shares. Zacks Investment Research downgraded shares of Pretium Resources from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Scotiabank reiterated a “sector perform” rating and issued a $10.00 target price on shares of Pretium Resources in a research report on Saturday, May 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Pretium Resources in a research 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 stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.00.
The stock’s market cap is $1.92 billion. The stock’s 50-day moving average price is $11.45 and its 200-day moving average price is $8.16.
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.