ASA Gold & Precious Metals Ltd raised its holdings in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 16.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 725,000 shares of the basic materials company’s stock after purchasing an additional 100,000 shares during the quarter. Pretium Resources accounts for 4.0% of ASA Gold & Precious Metals Ltd’s portfolio, making the stock its 9th largest position. ASA Gold & Precious Metals Ltd owned 0.40% of Pretium Resources worth $6,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PVG. Bank of New York Mellon Corp acquired a new position in shares of Pretium Resources in the 1st quarter worth approximately $108,000. World Asset Management Inc acquired a new position in shares of Pretium Resources in the 2nd quarter worth approximately $102,000. Investment Centers of America Inc. acquired a new position in shares of Pretium Resources in the 2nd quarter worth approximately $103,000. HM Payson & Co. acquired a new position in shares of Pretium Resources in the 2nd quarter worth approximately $106,000. Finally, Virtu Financial LLC acquired a new position in shares of Pretium Resources in the 2nd quarter worth approximately $129,000. Hedge funds and other institutional investors own 43.57% of the company’s stock.

Several research analysts have recently commented on the company. BidaskClub lowered Pretium Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. HC Wainwright reiterated a “buy” rating and issued a $16.50 target price on shares of Pretium Resources in a research report on Thursday, August 17th. Roth Capital lifted their target price on Pretium Resources from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Citigroup Inc. reiterated a “buy” rating on shares of Pretium Resources in a research report on Wednesday, September 6th. Finally, CIBC upgraded Pretium Resources from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Pretium Resources currently has a consensus rating of “Buy” and a consensus price target of $15.36.

ILLEGAL ACTIVITY NOTICE: “Pretium Resources, Inc. (PVG) Holdings Raised by ASA Gold & Precious Metals Ltd” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/pretium-resources-inc-pvg-holdings-raised-by-asa-gold-precious-metals-ltd/1683421.html.

Pretium Resources, Inc. (NYSE:PVG) traded up $0.14 during trading hours on Monday, reaching $11.44. The company had a trading volume of 744,230 shares, compared to its average volume of 2,286,032. Pretium Resources, Inc. has a twelve month low of $6.82 and a twelve month high of $12.53. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

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.

Want to see what other hedge funds are holding PVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG).

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

Receive News & Ratings for Pretium Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.