Pretium Resources (NYSE:PVG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Pretium Resources (NYSE:PVG – Get Rating) (TSE:PVG) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the basic materials company’s stock.

Separately, Zacks Investment Research raised Pretium Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.58.

Pretium Resources stock opened at $15.05 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.13 and a current ratio of 1.28. Pretium Resources has a 52 week low of $8.29 and a 52 week high of $15.65. The business’s 50-day moving average is $14.99. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -94.06 and a beta of 0.81.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of Pretium Resources by 1.3% during the 2nd quarter. Morgan Stanley now owns 8,781,544 shares of the basic materials company’s stock worth $83,951,000 after acquiring an additional 113,807 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Pretium Resources by 4.2% during the 3rd quarter. Mackenzie Financial Corp now owns 4,965,867 shares of the basic materials company’s stock worth $47,948,000 after acquiring an additional 202,036 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Pretium Resources by 65.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,864,255 shares of the basic materials company’s stock worth $37,122,000 after acquiring an additional 1,522,309 shares during the period. Segantii Capital Management Ltd purchased a new position in shares of Pretium Resources during the 4th quarter worth $49,072,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Pretium Resources by 2,602.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,920,041 shares of the basic materials company’s stock worth $41,144,000 after acquiring an additional 2,811,971 shares during the period. Institutional investors and hedge funds own 55.11% of the company’s stock.

About Pretium Resources (Get Rating)

Pretium Resources, Inc engages in the acquisition, exploration, development and operation of gold and precious metals resource properties. Its projects include Snowfield and Brucejack which are located in British Columbia. The company was founded by Robert Allan Quartermain in 2010 and is headquartered in Vancouver, Canada.

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