Essex Investment Management Co. LLC Acquires Shares of 75,168 Pretium Resources Inc (PVG)

Essex Investment Management Co. LLC acquired a new stake in Pretium Resources Inc (NYSE:PVG) (TSE:PVG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 75,168 shares of the basic materials company’s stock, valued at approximately $858,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PVG. Van ECK Associates Corp increased its position in Pretium Resources by 74.0% in the 3rd quarter. Van ECK Associates Corp now owns 18,706,377 shares of the basic materials company’s stock valued at $173,222,000 after acquiring an additional 7,956,917 shares in the last quarter. Ninepoint Partners LP acquired a new stake in Pretium Resources in the 3rd quarter valued at about $17,636,000. Intact Investment Management Inc. acquired a new stake in Pretium Resources in the 3rd quarter valued at about $4,768,000. Alps Advisors Inc. increased its position in Pretium Resources by 52.0% in the 4th quarter. Alps Advisors Inc. now owns 1,114,249 shares of the basic materials company’s stock valued at $12,714,000 after acquiring an additional 381,100 shares in the last quarter. Finally, U S Global Investors Inc. increased its position in Pretium Resources by 300.0% in the 3rd quarter. U S Global Investors Inc. now owns 400,000 shares of the basic materials company’s stock valued at $3,703,000 after acquiring an additional 300,000 shares in the last quarter. Hedge funds and other institutional investors own 48.80% of the company’s stock.

Several equities research analysts have recently commented on the stock. ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. CIBC cut shares of Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, January 25th. HC Wainwright lowered their price target on shares of Pretium Resources from $16.50 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Credit Suisse Group cut shares of Pretium Resources from an “outperform” rating to a “neutral” rating and set a $10.00 price target for the company. in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.33.

Pretium Resources Inc (NYSE:PVG) opened at $6.71 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.85. Pretium Resources Inc has a 1-year low of $6.47 and a 1-year high of $12.44.

Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its quarterly earnings data on Friday, November 10th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.09). The company had revenue of $70.88 million for the quarter, compared to analysts’ expectations of $106.50 million. analysts forecast that Pretium Resources Inc will post -0.04 earnings per share for the current fiscal year.

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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.

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

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