Pretium Resources Inc. (NYSE:PVG) shares shot up 5.4% during mid-day trading on Thursday . The company traded as high as $10.16 and last traded at $10.14, with a volume of 886,947 shares changing hands. The stock had previously closed at $9.62.

A number of research firms recently issued reports on PVG. Zacks Investment Research cut Pretium Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 30th. Scotiabank reaffirmed a “sector perform” rating and issued a $10.00 price target on shares of Pretium Resources in a report on Saturday, May 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Pretium Resources in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.00.

The stock’s market capitalization is $1.81 billion. The company has a 50 day moving average price of $11.24 and a 200 day moving average price of $8.33.

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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