Creative Planning reduced its stake in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 16,856 shares of the basic materials company’s stock after selling 694 shares during the period. Creative Planning’s holdings in Pretium Resources were worth $162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC acquired a new stake in shares of Pretium Resources during the first quarter worth $294,000. Highbridge Capital Management LLC boosted its stake in shares of Pretium Resources by 479.2% in the fourth quarter. Highbridge Capital Management LLC now owns 38,300 shares of the basic materials company’s stock worth $317,000 after buying an additional 48,400 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Pretium Resources by 12.8% in the first quarter. Van ECK Associates Corp now owns 20,224,840 shares of the basic materials company’s stock worth $216,606,000 after buying an additional 2,290,824 shares in the last quarter. Timber Hill LLC acquired a new stake in shares of Pretium Resources during the first quarter worth $117,000. Finally, Bank of Montreal Can boosted its stake in shares of Pretium Resources by 950.4% in the first quarter. Bank of Montreal Can now owns 4,033,263 shares of the basic materials company’s stock worth $43,196,000 after buying an additional 3,649,305 shares in the last quarter. Institutional investors and hedge funds own 47.75% of the company’s stock.

Shares of Pretium Resources, Inc. (PVG) traded up 1.28% during mid-day trading on Thursday, reaching $8.68. 538,849 shares of the company were exchanged. The company’s 50-day moving average is $9.51 and its 200 day moving average is $9.99. The firm’s market capitalization is $1.57 billion. Pretium Resources, Inc. has a 12 month low of $6.82 and a 12 month high of $12.53.

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PVG has been the subject of a number of recent research reports. BidaskClub upgraded shares of Pretium Resources from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Citigroup Inc. reiterated a “buy” rating and set a $13.00 price target on shares of Pretium Resources in a research note on Tuesday, June 6th. Finally, ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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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