CIBC Asset Management Inc increased its holdings in Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 84.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,454 shares of the basic materials company’s stock after purchasing an additional 49,794 shares during the period. CIBC Asset Management Inc owned 0.06% of Pretium Resources worth $1,001,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of Pretium Resources by 4.5% in the second quarter. Legal & General Group Plc now owns 23,090 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 990 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Pretium Resources by 0.6% during the second quarter. TD Asset Management Inc. now owns 752,822 shares of the basic materials company’s stock valued at $7,223,000 after purchasing an additional 4,300 shares during the last quarter. Swiss National Bank grew its holdings in shares of Pretium Resources by 3.3% during the second quarter. Swiss National Bank now owns 259,948 shares of the basic materials company’s stock valued at $2,498,000 after purchasing an additional 8,400 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Pretium Resources during the first quarter valued at approximately $108,000. Finally, World Asset Management Inc bought a new position in shares of Pretium Resources during the second quarter valued at approximately $102,000. 49.12% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on PVG shares. Credit Suisse Group set a $13.00 price objective on Pretium Resources and gave the stock a “buy” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Pretium Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. BidaskClub downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. HC Wainwright reiterated a “buy” rating and set a $16.50 price objective on shares of Pretium Resources in a research report on Thursday, August 17th. Finally, Roth Capital set a $16.00 price objective on Pretium Resources and gave the company a “buy” rating in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.36.
Pretium Resources, Inc. (NYSE PVG) traded down $0.30 during trading on Monday, reaching $10.44. 915,182 shares of the company’s stock traded hands, compared to its average volume of 2,111,997. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 1.08. Pretium Resources, Inc. has a 52-week low of $6.82 and a 52-week high of $12.53.
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About Pretium Resources
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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