Schroder Investment Management Group Has $6.02 Million Position in Pretium Resources, Inc. (PVG)
Schroder Investment Management Group boosted its position in Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 16.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 595,911 shares of the basic materials company’s stock after acquiring an additional 83,805 shares during the quarter. Schroder Investment Management Group owned 0.33% of Pretium Resources worth $6,016,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Pretium Resources in the first quarter valued at approximately $108,000. World Asset Management Inc acquired a new stake in Pretium Resources in the second quarter valued at approximately $102,000. Timber Hill LLC acquired a new stake in Pretium Resources during the first quarter worth approximately $117,000. HM Payson & Co. acquired a new stake in Pretium Resources during the second quarter worth approximately $106,000. Finally, Virtu Financial LLC acquired a new stake in Pretium Resources during the second quarter worth approximately $129,000. 43.25% of the stock is currently owned by hedge funds and other institutional investors.
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Pretium Resources, Inc. (PVG) opened at 8.10 on Tuesday. The stock has a 50 day moving average of $8.55 and a 200-day moving average of $9.46. Pretium Resources, Inc. has a one year low of $6.82 and a one year high of $12.53. The firm’s market capitalization is $1.47 billion.
A number of research firms have weighed in on PVG. BidaskClub cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. HC Wainwright reissued a “buy” rating and set a $16.50 price objective on shares of Pretium Resources in a report on Thursday, August 17th. Citigroup Inc. reissued a “buy” rating and set a $13.00 price objective on shares of Pretium Resources in a report on Tuesday, June 6th. Zacks Investment Research cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Credit Suisse Group set a $13.00 price objective on shares of Pretium Resources and gave the stock a “buy” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Pretium Resources presently has an average rating of “Hold” and an average price target of $14.93.
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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