Schroder Investment Management Group lifted its holdings in shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) by 6.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,125,893 shares of the basic materials company’s stock after buying an additional 63,457 shares during the period. Schroder Investment Management Group’s holdings in Pretium Resources were worth $8,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc lifted its position in shares of Pretium Resources by 6.5% during the second quarter. CIBC Asset Management Inc now owns 120,076 shares of the basic materials company’s stock worth $883,000 after purchasing an additional 7,375 shares in the last quarter. LPL Financial LLC increased its stake in shares of Pretium Resources by 97.1% during the first quarter. LPL Financial LLC now owns 24,310 shares of the basic materials company’s stock worth $162,000 after buying an additional 11,977 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Pretium Resources during the second quarter worth approximately $108,000. Tower Research Capital LLC TRC increased its stake in shares of Pretium Resources by 166.5% during the second quarter. Tower Research Capital LLC TRC now owns 27,230 shares of the basic materials company’s stock worth $200,000 after buying an additional 17,014 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Pretium Resources by 11.5% during the first quarter. Guggenheim Capital LLC now owns 172,179 shares of the basic materials company’s stock worth $1,146,000 after buying an additional 17,785 shares during the period. 52.55% of the stock is currently owned by institutional investors and hedge funds.

PVG stock opened at $8.46 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.36 and a current ratio of 0.40. Pretium Resources Inc has a fifty-two week low of $6.17 and a fifty-two week high of $11.90. The company has a market cap of $1.40 billion, a P/E ratio of 84.60 and a beta of -0.12.

Pretium Resources (NYSE:PVG) (TSE:PVG) last released its earnings results on Thursday, August 9th. The basic materials company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.08. Pretium Resources had a net margin of 3.22% and a return on equity of 8.67%. The firm had revenue of $146.48 million for the quarter, compared to analyst estimates of $141.20 million. Analysts anticipate that Pretium Resources Inc will post 0.6 EPS for the current year.

A number of research firms recently weighed in on PVG. HC Wainwright set a $15.00 target price on shares of Pretium Resources and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Zacks Investment Research upgraded shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Wednesday, October 10th. ValuEngine lowered shares of Pretium Resources from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Finally, Citigroup cut their target price on shares of Pretium Resources from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Pretium Resources currently has an average rating of “Hold” and an average price target of $12.60.

Pretium Resources Company Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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

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