Pretium Resources, Inc. (NYSE:PVG) Rating Lowered to Hold at BidaskClub
Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Pretium Resources from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. ValuEngine cut Pretium Resources from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Citigroup Inc. restated a “buy” rating and set a $13.00 price objective on shares of Pretium Resources in a report on Tuesday, June 6th. Credit Suisse Group began coverage on Pretium Resources in a report on Monday, March 20th. They set an “outperform” rating and a $13.50 price objective on the stock. Finally, Roth Capital set a $16.00 price objective on Pretium Resources and gave the stock a “buy” rating in a report on Saturday, March 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Pretium Resources currently has an average rating of “Hold” and a consensus target price of $14.75.
Pretium Resources (PVG) opened at 9.68 on Thursday. The firm’s 50-day moving average price is $9.22 and its 200-day moving average price is $9.84. The firm’s market cap is $1.75 billion. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53.
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Large investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Pretium Resources during the second quarter valued at about $129,000. Goldman Sachs Group Inc. boosted its stake in Pretium Resources by 73.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,486,432 shares of the basic materials company’s stock valued at $15,920,000 after buying an additional 630,946 shares during the period. HighTower Advisors LLC acquired a new stake in Pretium Resources during the first quarter valued at about $294,000. Credit Suisse AG boosted its stake in Pretium Resources by 5.6% in the first quarter. Credit Suisse AG now owns 261,476 shares of the basic materials company’s stock valued at $2,800,000 after buying an additional 13,901 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Pretium Resources during the first quarter valued at about $304,000. Institutional investors and hedge funds own 46.86% of the company’s stock.
Pretium Resources Company Profile
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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