Great West Life Assurance Co. Can reduced its stake in shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) by 39.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 20,677 shares of the basic materials company’s stock after selling 13,246 shares during the period. Great West Life Assurance Co. Can’s holdings in Pretium Resources were worth $239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of Pretium Resources during the 2nd quarter worth $110,000. IHT Wealth Management LLC purchased a new stake in shares of Pretium Resources during the 2nd quarter worth $119,000. Advisor Group Inc. raised its stake in shares of Pretium Resources by 12.8% during the 2nd quarter. Advisor Group Inc. now owns 13,995 shares of the basic materials company’s stock worth $141,000 after buying an additional 1,583 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Pretium Resources by 84.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,241 shares of the basic materials company’s stock worth $143,000 after buying an additional 6,512 shares during the last quarter. Finally, NEXT Financial Group Inc acquired a new position in shares of Pretium Resources during the 3rd quarter worth $176,000. Institutional investors own 51.09% of the company’s stock.

Shares of PVG stock opened at $8.89 on Friday. The firm has a 50-day moving average price of $11.61 and a 200 day moving average price of $10.62. Pretium Resources Inc has a twelve month low of $6.65 and a twelve month high of $13.83. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 16.46 and a beta of -0.62. The company has a current ratio of 0.38, a quick ratio of 0.23 and a debt-to-equity ratio of 0.44.

Pretium Resources (NYSE:PVG) (TSE:PVG) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). Pretium Resources had a net margin of 5.18% and a return on equity of 9.57%. The firm had revenue of $132.74 million during the quarter, compared to analyst estimates of $165.97 million. As a group, research analysts predict that Pretium Resources Inc will post 0.47 earnings per share for the current year.

PVG has been the subject of several research reports. Citigroup lifted their price target on Pretium Resources from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. BMO Capital Markets set a $24.00 price target on Pretium Resources and gave the stock a “buy” rating in a research note on Friday, September 6th. ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. B. Riley cut their price target on Pretium Resources from $25.40 to $23.40 and set a “buy” rating for the company in a research note on Monday, October 21st. Finally, HC Wainwright reaffirmed a “buy” rating and set a $20.50 price target on shares of Pretium Resources in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.21.

About Pretium Resources

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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

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