CIBC upgraded shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) from a neutral rating to an outperform rating in a research report released on Thursday, The Fly reports.

Several other research firms also recently weighed in on PVG. UBS AG upgraded shares of Pretium Resources from a market perform rating to an outperform rating in a report on Thursday. ValuEngine upgraded shares of Pretium Resources from a sell rating to a hold rating in a report on Friday, October 6th. BidaskClub upgraded shares of Pretium Resources from a hold rating to a buy rating in a report on Monday, July 24th. Roth Capital raised their target price on shares of Pretium Resources from $16.00 to $17.00 and gave the company a buy rating in a report on Wednesday. Finally, Scotiabank upgraded shares of Pretium Resources from a sector perform rating to an outperform rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $15.75.

Shares of Pretium Resources (NYSE:PVG) traded down 1.31% during mid-day trading on Thursday, reaching $12.01. 2,559,801 shares of the company traded hands. The company’s market capitalization is $2.18 billion. The stock’s 50-day moving average is $9.20 and its 200-day moving average is $9.40. Pretium Resources has a 52 week low of $6.82 and a 52 week high of $12.53.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC purchased a new stake in shares of Pretium Resources during the second quarter worth about $387,000. Bank of Nova Scotia grew its holdings in shares of Pretium Resources by 100.3% during the second quarter. Bank of Nova Scotia now owns 42,684 shares of the basic materials company’s stock worth $410,000 after buying an additional 21,370 shares in the last quarter. Bluefin Trading LLC grew its holdings in shares of Pretium Resources by 175.5% during the second quarter. Bluefin Trading LLC now owns 324,431 shares of the basic materials company’s stock worth $3,118,000 after buying an additional 206,663 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Pretium Resources during the second quarter worth about $152,000. Finally, Prudential PLC grew its holdings in shares of Pretium Resources by 27.1% during 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. Institutional investors and hedge funds own 43.25% 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.

The Fly

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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