Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a report issued on Thursday. They currently have a $16.50 target price on the basic materials company’s stock. HC Wainwright’s target price points to a potential upside of 36.25% from the company’s previous close.

Several other research analysts have also recently issued reports on PVG. UBS AG upgraded shares of Pretium Resources from a “market perform” rating to an “outperform” rating in a report on Thursday. CIBC upgraded shares of Pretium Resources from a “neutral” rating to an “outperform” rating in a report on Thursday. ValuEngine upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Credit Suisse Group set a $13.00 target price on shares of Pretium Resources and gave the company a “buy” rating in a report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.75.

Pretium Resources (NYSE:PVG) traded up 1.16% during midday trading on Thursday, hitting $12.25. 3,032,773 shares of the stock traded hands. The company has a 50-day moving average price of $8.93 and a 200 day moving average price of $9.39. The stock’s market cap is $2.22 billion. Pretium Resources has a one year low of $6.82 and a one year high of $12.53.

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A number of large investors have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new stake in shares of Pretium Resources in the 2nd quarter worth $387,000. Bank of Nova Scotia lifted its stake in shares of Pretium Resources by 100.3% in the 2nd quarter. Bank of Nova Scotia now owns 42,684 shares of the basic materials company’s stock worth $410,000 after acquiring an additional 21,370 shares during the period. Bluefin Trading LLC lifted its stake in shares of Pretium Resources by 175.5% in the 2nd quarter. Bluefin Trading LLC now owns 324,431 shares of the basic materials company’s stock worth $3,118,000 after acquiring an additional 206,663 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Pretium Resources in the 2nd quarter worth $152,000. Finally, Prudential PLC lifted its stake in shares of Pretium Resources by 27.1% in the 2nd quarter. Prudential PLC now owns 5,540,263 shares of the basic materials company’s stock worth $53,242,000 after acquiring an additional 1,180,973 shares during the period. Hedge funds and other institutional investors 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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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