Sprott Inc. lessened its holdings in Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 42.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 777,619 shares of the basic materials company’s stock after selling 572,358 shares during the quarter. Pretium Resources accounts for approximately 1.8% of Sprott Inc.’s holdings, making the stock its 19th largest holding. Sprott Inc. owned 0.43% of Pretium Resources worth $7,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Prudential PLC boosted its holdings in 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 acquiring an additional 1,180,973 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Pretium Resources by 8.0% in the second quarter. Vanguard Group Inc. now owns 3,027,890 shares of the basic materials company’s stock worth $29,098,000 after purchasing an additional 225,396 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Pretium Resources by 0.5% in the second quarter. Franklin Resources Inc. now owns 2,776,200 shares of the basic materials company’s stock worth $26,688,000 after purchasing an additional 15,000 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of Pretium Resources by 13.5% in the second quarter. Commonwealth Bank of Australia now owns 2,691,900 shares of the basic materials company’s stock worth $25,826,000 after purchasing an additional 319,200 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Pretium Resources by 1.7% in the second quarter. FMR LLC now owns 1,944,983 shares of the basic materials company’s stock worth $18,688,000 after purchasing an additional 32,900 shares during the last quarter. 43.57% of the stock is owned by institutional investors and hedge funds.

Shares of Pretium Resources, Inc. (PVG) traded up $0.06 during mid-day trading on Thursday, reaching $11.53. The company had a trading volume of 1,486,394 shares, compared to its average volume of 2,040,000. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.74. Pretium Resources, Inc. has a 52 week low of $6.82 and a 52 week high of $12.53.

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Several brokerages have recently issued reports on PVG. Zacks Investment Research upgraded Pretium Resources from a “strong sell” rating to a “hold” rating and set a $13.00 price objective for the company in a research note on Tuesday, October 17th. Roth Capital set a $16.00 price objective on Pretium Resources and gave the stock a “buy” rating in a research note on Friday, August 18th. BidaskClub upgraded Pretium Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. CIBC upgraded Pretium Resources from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 12th. Finally, Scotiabank upgraded Pretium Resources from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Pretium Resources presently has a consensus rating of “Buy” and a consensus price target of $15.36.

Pretium Resources 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.

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

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