UBS Asset Management Americas Inc. Acquires 21,518 Shares of Pretium Resources (PVG)

UBS Asset Management Americas Inc. raised its position in Pretium Resources (NYSE:PVG) (TSE:PVG) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 301,253 shares of the basic materials company’s stock after buying an additional 21,518 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.17% of Pretium Resources worth $3,448,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PVG. Van ECK Associates Corp boosted its position in Pretium Resources by 74.0% in the 3rd quarter. Van ECK Associates Corp now owns 18,706,377 shares of the basic materials company’s stock valued at $173,222,000 after buying an additional 7,956,917 shares during the last quarter. Ninepoint Partners LP purchased a new position in Pretium Resources in the 3rd quarter valued at about $17,636,000. Alps Advisors Inc. boosted its position in Pretium Resources by 52.0% in the 4th quarter. Alps Advisors Inc. now owns 1,114,249 shares of the basic materials company’s stock valued at $12,714,000 after buying an additional 381,100 shares during the last quarter. U S Global Investors Inc. boosted its position in Pretium Resources by 300.0% in the 3rd quarter. U S Global Investors Inc. now owns 400,000 shares of the basic materials company’s stock valued at $3,703,000 after buying an additional 300,000 shares during the last quarter. Finally, Investec Asset Management LTD boosted its position in Pretium Resources by 69.5% in the 3rd quarter. Investec Asset Management LTD now owns 480,267 shares of the basic materials company’s stock valued at $4,435,000 after buying an additional 196,982 shares during the last quarter. 46.86% of the stock is owned by institutional investors.

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Shares of PVG stock traded up $0.04 during trading hours on Friday, hitting $6.75. 1,977,445 shares of the company were exchanged, compared to its average volume of 2,642,734. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.17 and a current ratio of 0.23. Pretium Resources has a one year low of $6.17 and a one year high of $12.44. The stock has a market capitalization of $1,211.07, a price-to-earnings ratio of 67.50 and a beta of 0.07.

A number of equities analysts have weighed in on PVG shares. Zacks Investment Research cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Credit Suisse Group cut shares of Pretium Resources from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Tuesday, January 23rd. CIBC cut shares of Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, January 25th. ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $16.50 price target on shares of Pretium Resources in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Pretium Resources currently has an average rating of “Hold” and a consensus price target of $13.60.

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Pretium Resources Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company owns 100% interests in the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia; and the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northwestern British Columbia.

Institutional Ownership by Quarter for Pretium Resources (NYSE:PVG)

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