Shares of Pretium Resources Inc. (NYSE:PVG) rose 5% during mid-day trading on Thursday . The company traded as high as $10.27 and last traded at $10.17, with a volume of 1,044,934 shares. The stock had previously closed at $9.69.

PVG has been the subject of a number of research analyst reports. Scotiabank reissued a “sector perform” rating and set a $12.00 target price on shares of Pretium Resources in a research report on Friday, July 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Pretium Resources in a research report on Wednesday, June 29th. Finally, Zacks Investment Research downgraded shares of Pretium Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Pretium Resources currently has an average rating of “Buy” and an average target price of $13.00.

The firm’s market capitalization is $1.80 billion. The company’s 50-day moving average is $11.41 and its 200-day moving average is $8.20.

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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