Goldman Sachs Group Inc. decreased its holdings in Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,355,261 shares of the basic materials company’s stock after selling 131,171 shares during the period. Goldman Sachs Group Inc. owned approximately 0.75% of Pretium Resources worth $13,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in Pretium Resources in the first quarter valued at approximately $108,000. World Asset Management Inc purchased a new position in Pretium Resources in the second quarter valued at approximately $102,000. Investment Centers of America Inc. purchased a new position in Pretium Resources in the second quarter valued at approximately $103,000. HM Payson & Co. purchased a new position in Pretium Resources in the second quarter valued at approximately $106,000. Finally, Virtu Financial LLC purchased a new position in Pretium Resources in the second quarter valued at approximately $129,000. Hedge funds and other institutional investors own 43.25% of the company’s stock.

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Several research analysts recently commented on the stock. UBS AG upgraded shares of Pretium Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, October 12th. CIBC upgraded shares of Pretium Resources from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. HC Wainwright restated a “buy” rating and issued a $16.50 price target on shares of Pretium Resources in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Pretium Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Pretium Resources has a consensus rating of “Buy” and an average target price of $15.75.

Shares of Pretium Resources, Inc. (NYSE PVG) opened at 11.42 on Tuesday. The stock’s 50 day moving average is $9.20 and its 200-day moving average is $9.39. The firm’s market cap is $2.07 billion. Pretium Resources, Inc. has a 52-week low of $6.82 and a 52-week high of $12.53.

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.

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

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