Global X Management Co. LLC cut its position in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,895 shares of the basic materials company’s stock after selling 25,312 shares during the period. Global X Management Co. LLC’s holdings in Pretium Resources were worth $1,726,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. World Asset Management Inc bought a new stake in Pretium Resources during the second quarter worth $102,000. Bank of New York Mellon Corp acquired a new stake in shares of Pretium Resources during the first quarter worth $108,000. Timber Hill LLC acquired a new stake in shares of Pretium Resources during the first quarter worth $117,000. Virtu Financial LLC acquired a new stake in shares of Pretium Resources during the second quarter worth $129,000. Finally, Brookstone Capital Management acquired a new stake in shares of Pretium Resources during the first quarter worth $162,000. Institutional investors and hedge funds own 47.75% of the company’s stock.

Pretium Resources, Inc. (NYSE PVG) opened at 8.23 on Friday. The company’s market cap is $1.49 billion. Pretium Resources, Inc. has a 52-week low of $6.82 and a 52-week high of $12.53. The stock’s 50 day moving average is $9.46 and its 200-day moving average is $9.96.

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A number of analysts have weighed in on PVG shares. BidaskClub upgraded Pretium Resources from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research downgraded Pretium Resources from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Credit Suisse Group set a $13.00 price target on Pretium Resources and gave the stock a “buy” rating in a report on Friday. Citigroup Inc. reiterated a “buy” rating and set a $13.00 price target on shares of Pretium Resources in a report on Tuesday, June 6th. Finally, ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.67.

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.

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Institutional Ownership by Quarter for Pretium Resources (NYSE:PVG)

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