Canada Pension Plan Investment Board maintained its stake in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 241,900 shares of the basic materials company’s stock at the end of the second quarter. Canada Pension Plan Investment Board owned 0.13% of Pretium Resources worth $2,321,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in PVG. HighTower Advisors LLC bought a new position in shares of Pretium Resources during the first quarter worth about $294,000. Van ECK Associates Corp increased 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 period. Timber Hill LLC bought a new position in shares of Pretium Resources during the first quarter worth about $117,000. Bank of New York Mellon Corp bought a new position in shares of Pretium Resources during the first quarter worth about $108,000. Finally, U S Global Investors Inc increased its position in shares of Pretium Resources by 53.3% in the first quarter. U S Global Investors Inc now owns 460,000 shares of the basic materials company’s stock worth $2,135,878,000 after buying an additional 160,000 shares during the period. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pretium Resources, Inc. (PVG) opened at 8.03 on Friday. The firm has a 50-day moving average price of $9.08 and a 200-day moving average price of $9.77. The firm’s market cap is $1.46 billion. Pretium Resources, Inc. has a 52 week low of $6.82 and a 52 week high of $12.53.

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PVG has been the subject of a number of analyst reports. Zacks Investment Research upgraded Pretium Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BidaskClub upgraded Pretium Resources from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Roth Capital set a $16.00 target price on Pretium Resources and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, Credit Suisse Group set a $13.00 target price on Pretium Resources and gave the stock a “buy” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.93.

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

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