LPL Financial LLC bought a new stake in Pretium Resources (NYSE:PVG) (TSE:PVG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,333 shares of the basic materials company’s stock, valued at approximately $141,000.

Several other institutional investors also recently modified their holdings of PVG. Legal & General Group Plc boosted its holdings in shares of Pretium Resources by 58.9% in the 3rd quarter. Legal & General Group Plc now owns 36,690 shares of the basic materials company’s stock valued at $339,000 after buying an additional 13,600 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Pretium Resources by 4,213.8% in the 3rd quarter. Wells Fargo & Company MN now owns 59,142 shares of the basic materials company’s stock valued at $548,000 after buying an additional 57,771 shares in the last quarter. Stifel Financial Corp boosted its stake in Pretium Resources by 68.7% during the 3rd quarter. Stifel Financial Corp now owns 31,910 shares of the basic materials company’s stock worth $296,000 after purchasing an additional 12,992 shares during the period. FNY Partners Fund LP acquired a new stake in Pretium Resources during the 4th quarter worth $136,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Pretium Resources during the 4th quarter worth $225,000. Institutional investors and hedge funds own 47.22% of the company’s stock.

A number of analysts recently weighed in on the stock. HC Wainwright reiterated a “buy” rating and set a $15.00 price target on shares of Pretium Resources in a research note on Monday, March 12th. CIBC cut shares of Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, January 25th. ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. 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 note on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.60.

Shares of NYSE:PVG opened at $6.80 on Friday. The firm has a market cap of $1,253.02, a P/E ratio of 68.00 and a beta of 0.07. The company has a quick ratio of 0.17, a current ratio of 0.23 and a debt-to-equity ratio of 0.44. Pretium Resources has a 1-year low of $6.17 and a 1-year high of $12.44.

Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its quarterly earnings results on Thursday, March 8th. The basic materials company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.06. The business had revenue of $107.06 million for the quarter, compared to analyst estimates of $90.80 million. research analysts expect that Pretium Resources will post 0.53 earnings per share for the current fiscal year.

Pretium Resources Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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

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