Pretium Resources, Inc. (PVG) Downgraded by BidaskClub to Hold
BidaskClub lowered shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) from a buy rating to a hold rating in a research report sent to investors on Thursday.
Several other research firms have also recently commented on PVG. Zacks Investment Research cut shares of Pretium Resources from a hold rating to a sell rating in a research report on Saturday, July 8th. Citigroup Inc. reissued a buy rating and set a $13.00 target price on shares of Pretium Resources in a research report on Tuesday, June 6th. ValuEngine cut shares of Pretium Resources from a hold rating to a sell rating in a research report on Tuesday, June 20th. Credit Suisse Group initiated coverage on shares of Pretium Resources in a report on Monday, March 20th. They issued an outperform rating and a $13.50 price target on the stock. Finally, Roth Capital set a $16.00 price target on shares of Pretium Resources and gave the stock a buy rating in a report on Saturday, March 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $14.75.
Pretium Resources (NYSE PVG) traded up 3.20% during trading on Thursday, hitting $9.68. The stock had a trading volume of 1,031,828 shares. The firm’s market capitalization is $1.75 billion. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53. The firm has a 50 day moving average price of $9.22 and a 200-day moving average price of $9.84.
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Several large investors have recently bought and sold shares of PVG. Credit Agricole S A bought a new stake in Pretium Resources during the fourth quarter worth approximately $969,000. Norges Bank bought a new stake in Pretium Resources during the fourth quarter worth approximately $5,933,000. Highbridge Capital Management LLC boosted its stake in Pretium Resources by 479.2% in the fourth quarter. Highbridge Capital Management LLC now owns 38,300 shares of the basic materials company’s stock worth $317,000 after buying an additional 48,400 shares during the period. Bank of Montreal Can boosted its stake in Pretium Resources by 950.4% in the first quarter. Bank of Montreal Can now owns 4,033,263 shares of the basic materials company’s stock worth $43,196,000 after buying an additional 3,649,305 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new stake in Pretium Resources during the first quarter worth approximately $1,742,000. 46.86% of the stock is currently 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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