Pretium Resources, Inc. (PVG) Cut to Hold at BidaskClub

BidaskClub lowered shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) from a buy rating to a hold rating in a research note released on Sunday, July 30th.

PVG has been the topic of a number of other reports. ValuEngine cut Pretium Resources from a hold rating to a sell rating in a research report on Tuesday, June 20th. Citigroup Inc. restated a buy rating and set a $13.00 target price on shares of Pretium Resources in a report on Tuesday, June 6th. Finally, Zacks Investment Research cut Pretium Resources from a hold rating to a sell rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $14.67.

Pretium Resources (NYSE PVG) opened at 8.23 on Friday. Pretium Resources has a one year low of $6.82 and a one year high of $12.53. The firm’s market cap is $1.49 billion. The stock’s 50 day moving average is $9.46 and its 200 day moving average is $9.96.

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Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its position in Pretium Resources by 950.4% in the first quarter. Bank of Montreal Can now owns 4,033,263 shares of the basic materials company’s stock valued at $43,196,000 after buying an additional 3,649,305 shares in the last quarter. Van ECK Associates Corp raised its position in 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 valued at $216,606,000 after buying an additional 2,290,824 shares during the last quarter. Norges Bank bought a new position in Pretium Resources during the fourth quarter valued at $5,933,000. Goldman Sachs Group Inc. raised its position in Pretium Resources by 73.8% in the first 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. Finally, OppenheimerFunds Inc. bought a new position in Pretium Resources during the first quarter valued at $6,005,000. Institutional investors and hedge funds own 47.75% of the company’s stock.

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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