Pretium Resources, Inc. (PVG) Stock Rating Lowered by BidaskClub
Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Other analysts also recently issued reports about the stock. Credit Suisse Group began coverage on shares of Pretium Resources in a report on Monday, March 20th. They issued an “outperform” rating and a $13.50 price objective on the stock. ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Citigroup Inc. reaffirmed a “buy” rating and set a $13.00 price objective on shares of Pretium Resources in a research report on Tuesday, June 6th. Zacks Investment Research cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Roth Capital set a $16.00 price objective on shares of Pretium Resources and gave the stock a “buy” rating in a research report on Saturday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Pretium Resources currently has a consensus rating of “Hold” and a consensus price target of $14.75.
Shares of Pretium Resources (NYSE PVG) traded down 3.20% during mid-day trading on Thursday, hitting $9.38. 1,126,424 shares of the stock were exchanged. The firm’s market cap is $1.70 billion. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53. The company’s 50-day moving average is $9.22 and its 200-day moving average is $9.84.
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Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in Pretium Resources during the first quarter valued at $108,000. Timber Hill LLC purchased a new stake in Pretium Resources during the first quarter valued at $117,000. Virtu Financial LLC purchased a new stake in Pretium Resources during the second quarter valued at $129,000. Brookstone Capital Management purchased a new stake in Pretium Resources during the first quarter valued at $162,000. Finally, Legal & General Group Plc boosted its stake in Pretium Resources by 30.0% in the first quarter. Legal & General Group Plc now owns 22,100 shares of the basic materials company’s stock valued at $236,000 after buying an additional 5,100 shares during the period. Institutional investors own 46.86% of the company’s stock.
Pretium Resources Company Profile
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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