Upgrading Pretium Resources Inc. (PVG) to The Zacks Investment Research – BharataPress



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  Pretium Resources logo Pretium Resources Inc. logo Pretium Resources Inc. (NYSE: PVG) has been upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a According to Zacks, "Pretium Resources Inc. is engaged in the acquisition, exploration and development of precious metal properties in the Americas and owns the Snowfield and Brucejack projects located in northwestern British Columbia, Canada, whose mineral interests consist of gold, copper and silver exploration projects headquartered in Vancouver, Canada. "</p>
<p>  D & C Other stock analysts have recently released stock reports In a report released on Friday, July 1, Royal Bank of Canada reiterated a "sector performance" rating on Pretium Resources shares and price of $ 12.00 on the act Pretium Resources, in a report on Wednesday, June 29. Three equity research analysts gave a rating to the stock and two attributed a purchase rating to the stock. Pretium Resources has an average rating of "Hold" and an average price target of $ 13.38 </p>
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Shares of Pretium Resources (NYSE: PVG) opened Thursday at 9:65. The market capitalization of the company is $ 1.73 billion. The company has a 50-day moving average of $ 9.99 and a 200-day moving average of $ 9.67. Pretium Resources has a minimum of one year of $ 4.00 and one year of $ 12.41.

Several institutional investors have recently added or reduced their holdings in PVG. CIBC Asset Management Inc. Increased its position in Pretium Resources by 1.2% in the third quarter. CIBC Asset Management Inc. Now holds 60,286 shares of the Company valued at $ 619,000 after purchasing 731 additional shares during the period. BNP Paribas Arbitrage SA acquired a new position in Pretium Resources in the third quarter, valued at approximately $ 120,000. Royal Bank of Canada increased its position in Pretium Resources by 10.1% in the second quarter. Royal Bank of Canada now owns 134,487 shares of the Company valued at $ 1,507,000 after purchasing 12,391 additional shares during the period. IFP Advisors Inc. increased its position in Pretium Resources by 1,343.5% in the second quarter. IFP Advisors Inc. now holds 13,136 shares of the Company valued at $ 147,000 after purchasing an additional 12,226 shares during the period. Finally, Legal & General Group Plc increased its position in Pretium Resources by 91.0% in the second quarter. Legal & General Group Plc now holds 17,000 shares of the Company valued at $ 189,000 after purchasing 8,100 additional shares during the period. Institutional investors and hedge funds own 43.02% of the company's shares.

Company Profile Pretium Resources

Pretium Resources Inc. is a Canadian-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 the Brucejack Project and the Snowfield Project, both located in northwestern British Columbia.

  5-Day Chart for NYSE: PVG
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