Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG)‘s stock had its “buy” rating reissued by equities researchers at Citigroup Inc. in a note issued to investors on Wednesday.

PVG has been the topic of several other research reports. Zacks Investment Research raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. BidaskClub raised shares of Pretium Resources from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Roth Capital set a $16.00 target price on shares of Pretium Resources and gave the company a “buy” rating in a research note on Friday, August 18th. Finally, Credit Suisse Group set a $13.00 target price on shares of Pretium Resources and gave the company a “buy” rating in a research note on Friday, August 11th. One equities research 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 company has an average rating of “Hold” and an average target price of $14.93.

Pretium Resources (PVG) traded up 2.07% during mid-day trading on Wednesday, reaching $8.86. 2,648,918 shares of the company were exchanged. Pretium Resources has a 12 month low of $6.82 and a 12 month high of $12.53. The company’s 50 day moving average price is $8.74 and its 200-day moving average price is $9.56. The stock’s market capitalization is $1.61 billion.

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Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Pretium Resources by 12.8% during the 1st quarter. Van ECK Associates Corp now owns 20,224,840 shares of the basic materials company’s stock valued at $216,606,000 after purchasing an additional 2,290,824 shares in the last quarter. Prudential PLC boosted its position in shares of Pretium Resources by 27.1% during the 2nd quarter. Prudential PLC now owns 5,540,263 shares of the basic materials company’s stock valued at $53,242,000 after purchasing an additional 1,180,973 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Pretium Resources by 8.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,027,890 shares of the basic materials company’s stock valued at $29,098,000 after purchasing an additional 225,396 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Pretium Resources by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 2,776,200 shares of the basic materials company’s stock valued at $26,688,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its position in shares of Pretium Resources by 13.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,691,900 shares of the basic materials company’s stock valued at $25,826,000 after purchasing an additional 319,200 shares in the last quarter. Institutional investors 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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