Legal & General Group Plc raised its position in Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 30.0% during the first quarter, Holdings Channel reports. The firm owned 22,100 shares of the basic materials company’s stock after buying an additional 5,100 shares during the period. Legal & General Group Plc’s holdings in Pretium Resources were worth $236,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Credit Agricole S A increased its stake in shares of Pretium Resources by 177.8% in the first quarter. Credit Agricole S A now owns 326,700 shares of the basic materials company’s stock valued at $3,499,000 after buying an additional 209,100 shares during the period. LMR Partners LLP purchased a new stake in shares of Pretium Resources during the first quarter valued at about $3,400,000. Timber Hill LLC purchased a new stake in shares of Pretium Resources during the first quarter valued at about $117,000. Gabelli Funds LLC increased its stake in shares of Pretium Resources by 49.7% in the first quarter. Gabelli Funds LLC now owns 516,500 shares of the basic materials company’s stock valued at $7,365,000 after buying an additional 171,500 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Pretium Resources by 641.5% in the first quarter. UBS Asset Management Americas Inc. now owns 225,375 shares of the basic materials company’s stock valued at $2,410,000 after buying an additional 194,980 shares during the period. 47.75% of the stock is owned by hedge funds and other institutional investors.

Pretium Resources, Inc. (NYSE PVG) traded down 1.18% during trading on Friday, hitting $8.35. The stock had a trading volume of 617,572 shares. Pretium Resources, Inc. has a 52 week low of $6.82 and a 52 week high of $12.53. The firm’s market cap is $1.51 billion. The company’s 50-day moving average is $9.49 and its 200 day moving average is $9.97.

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Several analysts have issued reports on the stock. BidaskClub raised shares of Pretium Resources from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Citigroup Inc. reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Pretium Resources in a research report on Tuesday, June 6th. Finally, ValuEngine downgraded shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.75.

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

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