Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.

According to Zacks, “Pretium Resources Inc. is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company owns the Snowfield and Brucejack Projects located in Northwest British Columbia, Canada. Its mineral interests consist of gold/copper/silver exploration projects. Pretium Resources Inc. is headquartered in Vancouver, Canada. “

A number of other equities analysts also recently commented on PVG. Roth Capital set a $16.00 target price on shares of Pretium Resources and gave the stock a “buy” rating in a research note on Saturday, March 18th. Credit Suisse Group initiated coverage on shares of Pretium Resources in a research note on Monday, March 20th. They set an “outperform” rating and a $13.50 target price on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $13.00 target price on shares of Pretium Resources in a research note on Tuesday, June 6th. ValuEngine downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, BidaskClub raised shares of Pretium Resources from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Pretium Resources has a consensus rating of “Hold” and a consensus price target of $14.75.

Shares of Pretium Resources (NYSE PVG) opened at 9.60 on Friday. Pretium Resources has a 12 month low of $6.82 and a 12 month high of $12.53. The stock’s market capitalization is $1.74 billion. The stock’s 50 day moving average is $9.22 and its 200 day moving average is $9.84.

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Institutional investors have recently modified their holdings of the company. Credit Agricole S A purchased a new position in shares of Pretium Resources during the fourth quarter worth approximately $969,000. Norges Bank purchased a new position in shares of Pretium Resources during the fourth quarter worth approximately $5,933,000. Highbridge Capital Management LLC increased its position in shares of Pretium Resources by 479.2% in the fourth quarter. Highbridge Capital Management LLC now owns 38,300 shares of the basic materials company’s stock worth $317,000 after buying an additional 48,400 shares during the period. Bank of Montreal Can increased its position in shares of 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 worth $43,196,000 after buying an additional 3,649,305 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Pretium Resources during the first quarter worth approximately $1,742,000. 46.86% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Pretium Resources (NYSE:PVG)

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