HC Wainwright reissued their buy rating on shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) in a research report sent to investors on Monday. HC Wainwright currently has a $16.50 price objective on the basic materials company’s stock.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Pretium Resources from a strong sell rating to a hold rating and set a $13.00 target price for the company in a research note on Tuesday, October 17th. CIBC upgraded shares of Pretium Resources from a neutral rating to an outperform rating in a research note on Thursday, October 12th. UBS AG upgraded shares of Pretium Resources from a market perform rating to an outperform rating in a research note on Thursday, October 12th. Roth Capital raised their target price on shares of Pretium Resources from $16.00 to $17.00 and gave the company a buy rating in a research note on Wednesday, October 11th. Finally, Scotiabank upgraded shares of Pretium Resources from a sector perform rating to an outperform rating in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $15.36.

Shares of Pretium Resources (PVG) traded down $0.97 during trading hours on Monday, reaching $10.43. 3,581,800 shares of the company traded hands, compared to its average volume of 2,159,683. Pretium Resources has a twelve month low of $6.82 and a twelve month high of $12.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.74.

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A number of institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its holdings in Pretium Resources by 68.7% in the 3rd quarter. Stifel Financial Corp now owns 31,910 shares of the basic materials company’s stock valued at $296,000 after acquiring an additional 12,992 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in Pretium Resources in the 3rd quarter valued at about $140,000. Investment Centers of America Inc. raised its holdings in Pretium Resources by 55.8% in the 3rd quarter. Investment Centers of America Inc. now owns 16,750 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 6,000 shares during the period. Commonwealth Bank of Australia raised its holdings in Pretium Resources by 4.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 2,816,000 shares of the basic materials company’s stock valued at $26,086,000 after acquiring an additional 124,100 shares during the period. Finally, Investec Asset Management LTD raised its holdings in Pretium Resources by 69.5% in the 3rd quarter. Investec Asset Management LTD now owns 480,267 shares of the basic materials company’s stock valued at $4,435,000 after acquiring an additional 196,982 shares during the period. 44.54% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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