Pretium Resources Inc (PVG) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) have been given an average rating of “Buy” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.50.
A number of equities research analysts recently commented on PVG shares. ValuEngine upgraded Pretium Resources from a “sell” rating to a “hold” rating in a report on Friday, October 6th. HC Wainwright reiterated a “buy” rating and issued a $16.50 price objective on shares of Pretium Resources in a report on Thursday, October 12th. UBS Group upgraded Pretium Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, October 12th. Citigroup reiterated a “buy” rating on shares of Pretium Resources in a report on Wednesday, September 6th. Finally, Roth Capital set a $17.00 price objective on Pretium Resources and gave the company a “buy” rating in a report on Monday, November 13th.
A number of large investors have recently bought and sold shares of the business. Highbridge Capital Management LLC grew its stake in Pretium Resources by 54.0% in the third quarter. Highbridge Capital Management LLC now owns 19,100 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 6,700 shares during the period. U S Global Investors Inc. grew its stake in Pretium Resources by 300.0% in the third 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 during the period. Stifel Financial Corp grew its stake in Pretium Resources by 68.7% in the third quarter. Stifel Financial Corp now owns 31,910 shares of the basic materials company’s stock valued at $296,000 after acquiring an additional 12,992 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in Pretium Resources in the third quarter valued at about $140,000. Finally, Investment Centers of America Inc. grew its stake in Pretium Resources by 55.8% in the third quarter. Investment Centers of America Inc. now owns 16,750 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 6,000 shares during the period. 49.12% of the stock is owned by hedge funds and other institutional investors.
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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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