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

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. “

Shares of Pretium Resources (NYSE:PVG) opened at 8.33 on Wednesday. The company’s market cap is $1.50 billion. Pretium Resources has a 1-year low of $4.00 and a 1-year high of $12.41. The company’s 50-day moving average is $9.20 and its 200 day moving average is $9.94.

Several large investors have recently made changes to their positions in PVG. Tower Research Capital LLC TRC increased its stake in shares of Pretium Resources by 15.3% in the third quarter. Tower Research Capital LLC TRC now owns 11,419 shares of the company’s stock valued at $117,000 after buying an additional 1,519 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of Pretium Resources during the third quarter valued at $120,000. IFP Advisors Inc increased its stake in shares of Pretium Resources by 1,343.5% in the second quarter. IFP Advisors Inc now owns 13,136 shares of the company’s stock valued at $147,000 after buying an additional 12,226 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Pretium Resources by 91.0% in the second quarter. Legal & General Group Plc now owns 17,000 shares of the company’s stock valued at $189,000 after buying an additional 8,100 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Pretium Resources by 30.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 17,362 shares of the company’s stock valued at $194,000 after buying an additional 4,007 shares in the last quarter. 42.62% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Downgrades Pretium Resources Inc. (PVG) to Sell” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/25/zacks-investment-research-downgrades-pretium-resources-inc-pvg-to-sell-2.html.

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.

5 Day Chart for NYSE:PVG

Receive News & Stock Ratings for Pretium Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources Inc. and related stocks with our FREE daily email newsletter.