Pretium Resources, Inc. (PVG) Lowered to “Sell” at BidaskClub
Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.
PVG has been the subject of a number of other reports. ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Pretium Resources from a “sell” rating to a “hold” rating in a report on Saturday. 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, Credit Suisse Group set a $13.00 price target on Pretium Resources and gave the stock a “buy” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Pretium Resources currently has a consensus rating of “Hold” and a consensus target price of $14.67.
Shares of Pretium Resources (NYSE:PVG) traded up 1.26% during mid-day trading on Wednesday, hitting $8.05. The stock had a trading volume of 314,061 shares. The firm’s 50 day moving average price is $9.37 and its 200 day moving average price is $9.91. The company’s market cap is $1.46 billion. Pretium Resources has a 1-year low of $6.82 and a 1-year high of $12.53.
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Hedge funds have recently modified their holdings of the stock. World Asset Management Inc purchased a new stake in shares of Pretium Resources during the second quarter valued at approximately $102,000. Investment Centers of America Inc. purchased a new stake in shares of Pretium Resources during the second quarter valued at approximately $103,000. HM Payson & Co. purchased a new stake in shares of Pretium Resources during the second quarter valued at approximately $106,000. Bank of New York Mellon Corp purchased a new stake in shares of Pretium Resources during the first quarter valued at approximately $108,000. Finally, Timber Hill LLC purchased a new stake in shares of Pretium Resources during the first quarter valued at approximately $117,000. Institutional investors own 47.52% of the company’s stock.
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.
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