Bank of New York Mellon Corp acquired a new stake in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) during the first quarter, Holdings Channel reports. The firm acquired 10,075 shares of the basic materials company’s stock, valued at approximately $108,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Pretium Resources by 950.4% in the first quarter. Bank of Montreal Can now owns 4,033,263 shares of the basic materials company’s stock valued at $43,196,000 after buying an additional 3,649,305 shares in the last quarter. Norges Bank bought a new position in shares of Pretium Resources during the fourth quarter worth approximately $5,933,000. ASA Gold & Precious Metals Ltd increased its position in shares of Pretium Resources by 31.6% in the first quarter. ASA Gold & Precious Metals Ltd now owns 625,000 shares of the basic materials company’s stock worth $6,694,000 after buying an additional 150,000 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Pretium Resources during the first quarter worth approximately $1,742,000. Finally, Highbridge Capital Management LLC increased its position in shares of Pretium Resources by 479.2% in the fourth quarter. Highbridge Capital Management LLC now owns 38,300 shares of the basic materials company’s stock worth $317,000 after buying an additional 48,400 shares during the last quarter. 47.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Pretium Resources, Inc. (NYSE PVG) traded down 2.60% during trading on Friday, reaching $8.23. The company’s stock had a trading volume of 2,198,784 shares. The stock’s market capitalization is $1.49 billion. The company’s 50-day moving average price is $9.46 and its 200 day moving average price is $9.96. Pretium Resources, Inc. has a 1-year low of $6.82 and a 1-year high of $12.53.

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A number of equities analysts have commented on the company. BidaskClub downgraded Pretium Resources from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Pretium Resources from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup Inc. restated a “buy” rating and issued a $13.00 target price on shares of Pretium Resources in a research note on Tuesday, June 6th. Finally, Credit Suisse Group set a $13.00 target price on Pretium Resources and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.67.

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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Institutional Ownership by Quarter for Pretium Resources (NYSE:PVG)

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