Pretium Resources Inc (NYSE:PVG) (TSE:PVG) has earned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.50.
A number of equities analysts have weighed in on PVG shares. ValuEngine raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. HC Wainwright reiterated a “buy” rating and set a $16.50 price objective on shares of Pretium Resources in a research note on Thursday, October 12th. UBS Group upgraded shares of Pretium Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 12th. Roth Capital set a $17.00 price objective on shares of Pretium Resources and gave the stock a “buy” rating in a research note on Monday, November 13th. Finally, Scotiabank upgraded shares of Pretium Resources from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, October 11th.
Shares of Pretium Resources (NYSE PVG) traded down $0.35 during midday trading on Friday, hitting $10.95. 1,577,200 shares of the company’s stock were exchanged, compared to its average volume of 1,703,733. Pretium Resources has a one year low of $7.75 and a one year high of $12.53. The company has a market capitalization of $1,990.00, a P/E ratio of -54.75 and a beta of 0.24. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 1.08.
Several hedge funds have recently bought and sold shares of PVG. Legal & General Group Plc raised its stake in Pretium Resources by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 23,090 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 990 shares during the period. Investment Centers of America Inc. boosted its position in shares of Pretium Resources by 55.8% during the third quarter. Investment Centers of America Inc. now owns 16,750 shares of the basic materials company’s stock worth $155,000 after buying an additional 6,000 shares during the period. Highbridge Capital Management LLC boosted its position in shares of Pretium Resources by 54.0% during the third quarter. Highbridge Capital Management LLC now owns 19,100 shares of the basic materials company’s stock worth $176,000 after buying an additional 6,700 shares during the period. Swiss National Bank boosted its position in shares of Pretium Resources by 3.3% during the second quarter. Swiss National Bank now owns 259,948 shares of the basic materials company’s stock worth $2,498,000 after buying an additional 8,400 shares during the period. Finally, Trexquant Investment LP purchased a new position in shares of Pretium Resources during the third quarter worth $104,000. 49.12% of the stock is owned by hedge funds and other institutional investors.
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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.
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