Pretium Resources, Inc. (NYSE:PVG) Given “Outperform” Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) in a research note issued to investors on Thursday, September 7th.

Other analysts have also issued research 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 reissued a buy rating and issued a $16.50 price objective on shares of Pretium Resources in a research report on Thursday, August 17th. Citigroup Inc. reissued a buy rating and issued a $13.00 price objective on shares of Pretium Resources in a research report on Tuesday, June 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, Credit Suisse Group set a $13.00 price objective on shares of Pretium Resources and gave the stock a buy rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Pretium Resources currently has a consensus rating of Hold and an average target price of $14.93.

Shares of Pretium Resources (NYSE:PVG) opened at 9.315 on Thursday. Pretium Resources has a 52-week low of $6.82 and a 52-week high of $12.53. The firm’s market cap is $1.69 billion. The stock’s 50 day moving average price is $8.51 and its 200-day moving average price is $9.45.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of Pretium Resources by 4.5% in the second quarter. Legal & General Group Plc now owns 23,090 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 990 shares during the period. TD Asset Management Inc. raised its position in shares of Pretium Resources by 0.6% in the second quarter. TD Asset Management Inc. now owns 752,822 shares of the basic materials company’s stock valued at $7,223,000 after purchasing an additional 4,300 shares during the period. Swiss National Bank raised its position in shares of Pretium Resources by 3.3% in the second quarter. Swiss National Bank now owns 259,948 shares of the basic materials company’s stock valued at $2,498,000 after purchasing an additional 8,400 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Pretium Resources in the first quarter valued at about $108,000. Finally, World Asset Management Inc bought a new position in shares of Pretium Resources in the second quarter valued at about $102,000. 43.25% of the stock is currently owned by 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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