Lonestar Capital Management LLC bought a new position in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 161,007 shares of the basic materials company’s stock, valued at approximately $1,547,000. Pretium Resources makes up approximately 0.5% of Lonestar Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Lonestar Capital Management LLC owned about 0.09% of Pretium Resources as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PVG. Vanguard Group Inc. raised its holdings in Pretium Resources by 8.0% in the second quarter. Vanguard Group Inc. now owns 3,027,890 shares of the basic materials company’s stock valued at $29,098,000 after acquiring an additional 225,396 shares in the last quarter. Franklin Resources Inc. raised its holdings in Pretium Resources by 0.5% in the second quarter. Franklin Resources Inc. now owns 2,776,200 shares of the basic materials company’s stock valued at $26,688,000 after acquiring an additional 15,000 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Pretium Resources by 13.5% in the second quarter. Commonwealth Bank of Australia now owns 2,691,900 shares of the basic materials company’s stock valued at $25,826,000 after acquiring an additional 319,200 shares in the last quarter. FMR LLC raised its holdings in Pretium Resources by 1.7% in the second quarter. FMR LLC now owns 1,944,983 shares of the basic materials company’s stock valued at $18,688,000 after acquiring an additional 32,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Pretium Resources by 73.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,486,432 shares of the basic materials company’s stock valued at $15,920,000 after acquiring an additional 630,946 shares in the last quarter. 43.25% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on PVG. Roth Capital set a $16.00 price target on shares of Pretium Resources and gave the company a “buy” rating in a report on Friday, August 18th. BidaskClub raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Pretium Resources in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Pretium Resources currently has a consensus rating of “Hold” and a consensus price target of $14.93.

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Pretium Resources, Inc. (NYSE:PVG) traded down 0.75% during mid-day trading on Friday, reaching $9.26. 1,537,273 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $8.51 and its 200 day moving average price is $9.45. The stock’s market capitalization is $1.68 billion. Pretium Resources, Inc. has a 12 month low of $6.82 and a 12 month high of $12.53.

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

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