Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) has been given a $13.00 price objective by investment analysts at Credit Suisse Group in a report released on Friday. The firm currently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 53.85% from the stock’s current price.

A number of other equities research analysts also recently weighed in on PVG. BidaskClub raised Pretium Resources from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $13.00 price objective on shares of Pretium Resources in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.67.

Pretium Resources (NYSE:PVG) traded down 3.31% during trading on Friday, hitting $8.17. The stock had a trading volume of 1,184,266 shares. Pretium Resources has a 52-week low of $6.82 and a 52-week high of $12.53. The stock’s market capitalization is $1.48 billion. The stock’s 50-day moving average is $9.49 and its 200-day moving average is $9.97.

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A number of large investors have recently modified their holdings of the company. World Asset Management Inc acquired a new stake in shares of Pretium Resources during the second quarter valued at $102,000. Investment Centers of America Inc. acquired a new stake in shares of Pretium Resources during the second quarter valued at $103,000. HM Payson & Co. acquired a new stake in shares of Pretium Resources during the second quarter valued at $106,000. Bank of New York Mellon Corp acquired a new stake in shares of Pretium Resources during the first quarter valued at $108,000. Finally, Timber Hill LLC acquired a new stake in shares of Pretium Resources during the first quarter valued at $117,000. 47.75% of the stock is owned by institutional investors and hedge funds.

Pretium Resources Company 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.

Analyst Recommendations for Pretium Resources (NYSE:PVG)

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