Pretium Resources’ (PVG) “Buy” Rating Reiterated at HC Wainwright
HC Wainwright reaffirmed their buy rating on shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) in a report published on Thursday. The brokerage currently has a $16.50 price objective on the basic materials company’s stock.
Several other brokerages have also issued reports on PVG. ValuEngine upgraded Pretium Resources from a sell rating to a hold rating in a research report on Friday, October 6th. UBS AG upgraded Pretium Resources from a market perform rating to an outperform rating in a research note on Thursday. BidaskClub upgraded Pretium Resources from a hold rating to a buy rating in a research note on Friday, June 30th. Zacks Investment Research cut Pretium Resources from a hold rating to a sell rating in a research note on Saturday, July 8th. 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, August 11th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $15.75.
Pretium Resources (NYSE PVG) traded down 1.31% during mid-day trading on Thursday, hitting $12.01. 2,559,801 shares of the stock were exchanged. The stock’s market capitalization is $2.18 billion. Pretium Resources has a 12-month low of $6.82 and a 12-month high of $12.53. The firm has a 50-day moving average price of $9.20 and a 200-day moving average price of $9.40.
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Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Pretium Resources in the 1st quarter valued at $108,000. UBS Asset Management Americas Inc. raised its stake in Pretium Resources by 641.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 225,375 shares of the basic materials company’s stock valued at $2,410,000 after acquiring an additional 194,980 shares during the period. Credit Agricole S A raised its stake in Pretium Resources by 177.8% in the 1st quarter. Credit Agricole S A now owns 326,700 shares of the basic materials company’s stock valued at $3,499,000 after acquiring an additional 209,100 shares during the period. OppenheimerFunds Inc. bought a new stake in Pretium Resources in the 1st quarter valued at $6,005,000. Finally, FMR LLC raised its stake in Pretium Resources by 1.9% in the 1st quarter. FMR LLC now owns 1,912,083 shares of the basic materials company’s stock valued at $20,503,000 after acquiring an additional 35,000 shares during the period. Institutional investors own 43.25% of the company’s stock.
About Pretium Resources
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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