Pretium Resources, Inc. (PVG) PT Set at $16.00 by Roth Capital
Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) received a $16.00 price objective from equities research analysts at Roth Capital in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Roth Capital’s price target would indicate a potential upside of 86.70% from the stock’s current price.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised Pretium Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. ValuEngine lowered Pretium Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BidaskClub raised Pretium Resources from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Credit Suisse Group set a $13.00 target price on Pretium Resources and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $13.00 target price on shares of Pretium Resources in a research report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Pretium Resources currently has an average rating of “Hold” and an average price target of $14.93.
Pretium Resources (PVG) traded up 0.12% during trading on Friday, reaching $8.58. 1,383,349 shares of the company were exchanged. The firm’s 50 day moving average is $9.30 and its 200 day moving average is $9.89. Pretium Resources has a 52-week low of $6.82 and a 52-week high of $12.53. The stock’s market capitalization is $1.56 billion.
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A number of large investors have recently modified their holdings of PVG. Verition Fund Management LLC bought a new stake in shares of Pretium Resources during the second quarter valued at $387,000. Bank of Nova Scotia boosted its position in Pretium Resources by 100.3% in the second quarter. Bank of Nova Scotia now owns 42,684 shares of the basic materials company’s stock valued at $410,000 after buying an additional 21,370 shares during the last quarter. Bluefin Trading LLC boosted its position in Pretium Resources by 175.5% in the second quarter. Bluefin Trading LLC now owns 324,431 shares of the basic materials company’s stock valued at $3,118,000 after buying an additional 206,663 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Pretium Resources during the second quarter valued at about $152,000. Finally, Prudential PLC boosted its position in Pretium Resources by 27.1% in the second quarter. Prudential PLC now owns 5,540,263 shares of the basic materials company’s stock valued at $53,242,000 after buying an additional 1,180,973 shares during the last quarter. 47.52% of the stock is currently owned by hedge funds and other 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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