Pretium Resources, Inc. (PVG) Receives Average Recommendation of “Hold” from Analysts

Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.63.

A number of research analysts have issued reports on PVG shares. Roth Capital set a $16.00 price objective on Pretium Resources and gave the company a “buy” rating in a research note on Friday, August 18th. HC Wainwright reiterated a “buy” rating and set a $16.50 price target on shares of Pretium Resources in a research note on Thursday, August 17th. BidaskClub upgraded Pretium Resources from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Credit Suisse Group set a $13.00 price target on Pretium Resources and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $13.00 price target on shares of Pretium Resources in a research note on Tuesday, June 6th.

Pretium Resources (PVG) traded down 2.58% during trading on Friday, reaching $8.67. 9,383,498 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $8.59 and its 200-day moving average price is $9.49. Pretium Resources has a 12 month low of $6.82 and a 12 month high of $12.53. The firm’s market cap is $1.57 billion.

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Large investors have recently added to or reduced their stakes in the business. World Asset Management Inc purchased a new stake in shares of Pretium Resources in the 2nd quarter valued at about $102,000. Investment Centers of America Inc. purchased a new stake in shares of Pretium Resources in the 2nd quarter valued at about $103,000. HM Payson & Co. purchased a new stake in shares of Pretium Resources in the 2nd quarter valued at about $106,000. Bank of New York Mellon Corp purchased a new stake in shares of Pretium Resources in the 1st quarter valued at about $108,000. Finally, Timber Hill LLC purchased a new stake in shares of Pretium Resources in the 1st quarter valued at about $117,000. 43.25% of the stock is currently owned by hedge funds and other institutional investors.

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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