Citigroup Inc. reaffirmed their buy rating on shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) in a report issued on Wednesday morning.

PVG has been the subject of a number of other reports. Zacks Investment Research raised shares of Pretium Resources from a sell rating to a hold rating in a research report on Saturday, August 12th. ValuEngine cut shares of Pretium Resources from a hold rating to a sell rating in a research report on Tuesday, June 20th. BidaskClub raised shares of Pretium Resources from a hold rating to a buy rating in a research report on Monday, July 24th. Roth Capital set a $16.00 price target on shares of Pretium Resources and gave the stock a buy rating in a research report on Friday, August 18th. Finally, Credit Suisse Group set a $13.00 price target on shares of Pretium Resources and gave the stock a buy rating in a research 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 assigned a buy rating to the company’s stock. Pretium Resources presently has an average rating of Hold and a consensus price target of $14.93.

Shares of Pretium Resources (NYSE:PVG) traded up 2.07% during mid-day trading on Wednesday, hitting $8.86. The stock had a trading volume of 2,648,918 shares. Pretium Resources has a 12-month low of $6.82 and a 12-month high of $12.53. The company’s 50 day moving average price is $8.74 and its 200 day moving average price is $9.56. The stock’s market cap is $1.61 billion.

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A number of large investors have recently bought and sold shares of PVG. Van ECK Associates Corp boosted its position in Pretium Resources by 12.8% in the 1st quarter. Van ECK Associates Corp now owns 20,224,840 shares of the basic materials company’s stock valued at $216,606,000 after buying an additional 2,290,824 shares during the last quarter. Prudential PLC boosted its position in Pretium Resources by 27.1% in the 2nd quarter. Prudential PLC now owns 5,540,263 shares of the basic materials company’s stock valued at $53,242,000 after buying an additional 1,180,973 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Pretium Resources by 73.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,486,432 shares of the basic materials company’s stock valued at $15,920,000 after buying an additional 630,946 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in Pretium Resources in the 1st quarter valued at about $6,005,000. Finally, Commonwealth Bank of Australia boosted its position in Pretium Resources by 13.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,691,900 shares of the basic materials company’s stock valued at $25,826,000 after buying an additional 319,200 shares during the last quarter. 43.25% 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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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