Shell Asset Management Co. continued to hold its stake in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,293 shares of the basic materials company’s stock at the end of the 2nd quarter. Shell Asset Management Co.’s holdings in Pretium Resources were worth $191,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp grew 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 acquiring an additional 2,290,824 shares during the period. Vanguard Group Inc. grew its position in Pretium Resources by 5.3% during the first quarter. Vanguard Group Inc. now owns 2,802,494 shares of the basic materials company’s stock valued at $30,015,000 after buying an additional 140,724 shares during the period. FMR LLC grew its position in Pretium Resources by 1.9% during the first quarter. FMR LLC now owns 1,912,083 shares of the basic materials company’s stock valued at $20,503,000 after buying an additional 35,000 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Pretium Resources by 73.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,486,432 shares of the basic materials company’s stock valued at $15,920,000 after purchasing an additional 630,946 shares in the last quarter. Finally, Norges Bank purchased a new position in Pretium Resources during the fourth quarter valued at approximately $5,933,000. 43.25% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on PVG shares. Zacks Investment Research upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. ValuEngine lowered shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. BidaskClub raised shares of Pretium Resources from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Roth Capital set a $16.00 price target on shares of Pretium Resources and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Credit Suisse Group set a $13.00 price target on shares of Pretium Resources and gave the company a “buy” rating in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.93.
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Shares of Pretium Resources, Inc. (PVG) traded up 3.96% during mid-day trading on Tuesday, hitting $8.67. The company had a trading volume of 1,508,551 shares. The company’s market cap is $1.57 billion. The firm has a 50-day moving average of $8.89 and a 200-day moving average of $9.64. Pretium Resources, Inc. has a 12 month low of $6.82 and a 12 month 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.
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