Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. HC Wainwright restated a “buy” rating and set a $16.50 target price on shares of Pretium Resources in a research report on Thursday, August 17th. Citigroup Inc. restated a “buy” rating on shares of Pretium Resources in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Pretium Resources presently has an average rating of “Buy” and an average target price of $15.58.

Pretium Resources (NYSE:PVG) traded up 19.73% during midday trading on Wednesday, reaching $11.59. The company had a trading volume of 3,892,864 shares. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53. The stock’s market capitalization is $2.10 billion. The firm’s 50 day moving average is $8.81 and its 200 day moving average is $9.37.

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Several hedge funds have recently added to or reduced their stakes in PVG. World Asset Management Inc acquired a new stake in shares of Pretium Resources in the second quarter valued at approximately $102,000. Investment Centers of America Inc. acquired a new stake in shares of Pretium Resources in the second quarter valued at approximately $103,000. HM Payson & Co. acquired a new stake in shares of Pretium Resources in the second quarter valued at approximately $106,000. Bank of New York Mellon Corp acquired a new stake in shares of Pretium Resources in the first quarter valued at approximately $108,000. Finally, Virtu Financial LLC acquired a new stake in shares of Pretium Resources in the second quarter valued at approximately $129,000. Institutional investors and hedge funds own 43.25% 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.

The Fly

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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