Pretium Resources (NYSE:PVG) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Pretium Resources (NYSE:PVGGet Rating) (TSE:PVG) in a report released on Thursday. The brokerage set a “hold” rating on the basic materials company’s stock.

Separately, Zacks Investment Research raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, January 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.70.

Shares of PVG stock opened at $15.05 on Thursday. Pretium Resources has a 12 month low of $8.29 and a 12 month high of $15.65. The stock has a market cap of $2.83 billion, a P/E ratio of -94.06 and a beta of 0.81. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $15.05 and a two-hundred day simple moving average of $14.23.

Several hedge funds and other institutional investors have recently made changes to their positions in PVG. PYA Waltman Capital LLC purchased a new position in Pretium Resources during the fourth quarter valued at $25,000. UMB Bank N A MO purchased a new position in Pretium Resources during the fourth quarter valued at $45,000. Lazard Asset Management LLC purchased a new position in Pretium Resources during the fourth quarter valued at $57,000. Cheviot Value Management LLC purchased a new position in Pretium Resources during the third quarter valued at $101,000. Finally, Verition Fund Management LLC purchased a new position in Pretium Resources during the third quarter valued at $101,000. 55.11% of the stock is owned by hedge funds and other institutional investors.

Pretium Resources Company Profile (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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