CoreCommodity Management LLC decreased its stake in Pretium Resources Inc (NYSE:PVG) (TSE:PVG) by 62.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,531 shares of the basic materials company’s stock after selling 22,278 shares during the period. CoreCommodity Management LLC’s holdings in Pretium Resources were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Midas Management Corp acquired a new stake in shares of Pretium Resources in the fourth quarter valued at about $380,000. Vanguard Group Inc increased its stake in shares of Pretium Resources by 4.2% in the third quarter. Vanguard Group Inc now owns 4,169,165 shares of the basic materials company’s stock valued at $31,727,000 after buying an additional 167,215 shares during the period. Schroder Investment Management Group increased its stake in shares of Pretium Resources by 9.4% in the third quarter. Schroder Investment Management Group now owns 1,231,447 shares of the basic materials company’s stock valued at $10,442,000 after buying an additional 105,554 shares during the period. Intact Investment Management Inc. grew its stake in Pretium Resources by 10.3% during the fourth quarter. Intact Investment Management Inc. now owns 182,800 shares of the basic materials company’s stock worth $2,088,000 after purchasing an additional 17,000 shares during the period. Finally, CIBC World Markets Inc. grew its stake in Pretium Resources by 131.4% during the third quarter. CIBC World Markets Inc. now owns 228,057 shares of the basic materials company’s stock worth $1,736,000 after purchasing an additional 129,516 shares during the period. 54.82% of the stock is owned by institutional investors.

Several equities research analysts recently commented on PVG shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Pretium Resources in a research note on Monday, January 14th. CIBC reaffirmed a “hold” rating on shares of Pretium Resources in a research note on Thursday, January 10th. HC Wainwright reaffirmed a “buy” rating and set a $16.00 target price on shares of Pretium Resources in a research note on Tuesday, December 18th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Pretium Resources in a research note on Wednesday, January 23rd. Finally, ValuEngine cut Pretium Resources from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Pretium Resources has an average rating of “Buy” and a consensus target price of $13.82.

NYSE PVG opened at $8.63 on Friday. Pretium Resources Inc has a one year low of $6.51 and a one year high of $9.84. The company has a market cap of $1.59 billion, a P/E ratio of 15.98 and a beta of -0.33. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 0.60.

Pretium Resources (NYSE:PVG) (TSE:PVG) last released its earnings results on Thursday, February 14th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. Pretium Resources had a return on equity of 11.30% and a net margin of 8.06%. The business had revenue of $108.60 million during the quarter, compared to analysts’ expectations of $112.10 million. As a group, research analysts predict that Pretium Resources Inc will post 0.78 EPS for the current fiscal year.

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Pretium Resources Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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

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