Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) had its price objective hoisted by investment analysts at Roth Capital from $16.00 to $17.00 in a report released on Wednesday. The firm presently has a “buy” rating on the basic materials company’s stock. Roth Capital’s price target indicates a potential upside of 39.69% from the stock’s previous close.

A number of other brokerages also recently issued reports on PVG. ValuEngine raised Pretium Resources from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. BidaskClub raised Pretium Resources from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Scotiabank raised Pretium Resources from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. Zacks Investment Research downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Pretium Resources in a research note on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $15.75.

Pretium Resources (NYSE PVG) opened at 12.17 on Wednesday. The company’s market cap is $2.21 billion. The firm’s 50-day moving average is $9.05 and its 200-day moving average is $9.41. Pretium Resources has a 52-week low of $6.82 and a 52-week high of $12.53.

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Several large investors have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new stake in shares of Pretium Resources during the 2nd quarter worth about $387,000. Bank of Nova Scotia increased its position in shares of Pretium Resources by 100.3% during the 2nd quarter. Bank of Nova Scotia now owns 42,684 shares of the basic materials company’s stock worth $410,000 after purchasing an additional 21,370 shares during the last quarter. Bluefin Trading LLC increased its position in shares of Pretium Resources by 175.5% during the 2nd quarter. Bluefin Trading LLC now owns 324,431 shares of the basic materials company’s stock worth $3,118,000 after purchasing an additional 206,663 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Pretium Resources during the 2nd quarter worth about $152,000. Finally, Prudential PLC increased its position in shares of Pretium Resources by 27.1% during the 2nd quarter. Prudential PLC now owns 5,540,263 shares of the basic materials company’s stock worth $53,242,000 after purchasing an additional 1,180,973 shares during the last quarter. 43.25% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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