Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a report released on Thursday.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Citigroup Inc. reaffirmed a “buy” rating on shares of Pretium Resources in a report on Wednesday. HC Wainwright reaffirmed a “buy” rating and set a $16.50 price objective on shares of Pretium Resources in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Credit Suisse Group set a $13.00 price objective on shares of Pretium Resources and gave the stock a “buy” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.93.

Pretium Resources (PVG) traded up 1.64% on Thursday, hitting $8.68. 1,268,406 shares of the stock traded hands. The company’s market cap is $1.57 billion. The stock has a 50-day moving average price of $8.80 and a 200 day moving average price of $9.57. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53.

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A number of institutional investors have recently made changes to their positions in PVG. TD Asset Management Inc. increased its position in shares of Pretium Resources by 25.0% during the fourth quarter. TD Asset Management Inc. now owns 793,463 shares of the basic materials company’s stock valued at $3,976,000 after buying an additional 158,916 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Pretium Resources by 176.8% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 188,200 shares of the basic materials company’s stock valued at $1,310,000 after buying an additional 120,200 shares during the period. Morgan Stanley increased its position in shares of Pretium Resources by 117.7% during the fourth quarter. Morgan Stanley now owns 225,434 shares of the basic materials company’s stock valued at $1,136,000 after buying an additional 121,870 shares during the period. Schroder Investment Management Group increased its position in shares of Pretium Resources by 15.1% during the fourth quarter. Schroder Investment Management Group now owns 888,400 shares of the basic materials company’s stock valued at $4,478,000 after buying an additional 116,479 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Pretium Resources by 72.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,019,830 shares of the basic materials company’s stock valued at $5,110,000 after buying an additional 428,500 shares during the period. Institutional investors and hedge funds own 43.25% of the company’s stock.

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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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