Pretium Resources Inc. (NYSE:PVG) (TSE:PVG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Pretium Resources Inc. is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company owns the Snowfield and Brucejack Projects located in Northwest British Columbia, Canada. Its mineral interests consist of gold/copper/silver exploration projects. Pretium Resources Inc. is headquartered in Vancouver, Canada. “

Pretium Resources (NYSE:PVG) opened at 8.80 on Thursday. The firm’s 50 day moving average is $9.45 and its 200 day moving average is $9.92. The company’s market cap is $1.58 billion. Pretium Resources has a 52-week low of $4.00 and a 52-week high of $12.41.

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Group LTD increased its position in Pretium Resources by 18.5% in the first quarter. BlackRock Group LTD now owns 296,704 shares of the company’s stock worth $1,587,000 after buying an additional 46,263 shares during the last quarter. UBS Group AG increased its position in Pretium Resources by 4.0% in the first quarter. UBS Group AG now owns 117,386 shares of the company’s stock worth $628,000 after buying an additional 4,498 shares during the last quarter. Creative Planning increased its position in Pretium Resources by 13.5% in the second quarter. Creative Planning now owns 26,388 shares of the company’s stock worth $296,000 after buying an additional 3,138 shares during the last quarter. CIBC World Markets Inc. increased its position in Pretium Resources by 28.4% in the second quarter. CIBC World Markets Inc. now owns 56,566 shares of the company’s stock worth $634,000 after buying an additional 12,496 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in Pretium Resources by 25.8% in the second quarter. Shell Asset Management Co. now owns 15,593 shares of the company’s stock worth $225,000 after buying an additional 3,200 shares during the last quarter. 42.61% of the stock is owned by institutional investors.

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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