Pretium Resources, Inc. (PVG) Lifted to “Buy” at BidaskClub
Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Monday, July 24th.
Several other equities analysts have also recently issued reports on the company. Citigroup Inc. reiterated a “buy” rating and set a $13.00 price target on shares of Pretium Resources in a research report on Tuesday, June 6th. Zacks Investment Research cut Pretium Resources from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine cut Pretium Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.93.
Pretium Resources (PVG) remained flat at $8.57 during mid-day trading on Monday. 1,971,863 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $9.28 and a 200 day moving average of $9.88. Pretium Resources has a 52-week low of $6.82 and a 52-week high of $12.53. The company’s market capitalization is $1.55 billion.
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Several institutional investors have recently modified their holdings of PVG. Bank of Montreal Can boosted its position in shares of 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 last quarter. Van ECK Associates Corp boosted its position in shares of Pretium Resources by 12.8% in the first quarter. Van ECK Associates Corp now owns 20,224,840 shares of the basic materials company’s stock worth $216,606,000 after buying an additional 2,290,824 shares during the last quarter. Prudential PLC increased its position in shares of Pretium Resources by 27.1% in the second quarter. Prudential PLC now owns 5,540,263 shares of the basic materials company’s stock worth $53,242,000 after buying an additional 1,180,973 shares in the last quarter. Norges Bank acquired a new position in shares of Pretium Resources during the fourth quarter worth $5,933,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Pretium Resources by 73.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,486,432 shares of the basic materials company’s stock worth $15,920,000 after buying an additional 630,946 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.
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.
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