Pretium Resources (NYSE:PVG) (TSE:PVG) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 17,332 call options on the stock. This is an increase of 1,278% compared to the average volume of 1,258 call options.
Several equities research analysts recently issued reports 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. HC Wainwright cut their price objective on shares of Pretium Resources from $16.50 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. 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. ValuEngine cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, CIBC cut shares of Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.60.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp increased its position in shares of Pretium Resources by 14.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,872,500 shares of the basic materials company’s stock valued at $21,365,000 after acquiring an additional 240,000 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Pretium Resources by 52.0% during the fourth quarter. Alps Advisors Inc. now owns 1,114,249 shares of the basic materials company’s stock valued at $12,714,000 after acquiring an additional 381,100 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Pretium Resources during the fourth quarter valued at about $8,778,000. Stansberry Asset Management LLC acquired a new stake in shares of Pretium Resources during the fourth quarter valued at about $7,158,000. Finally, Deutsche Bank AG increased its position in shares of Pretium Resources by 68.8% during the fourth quarter. Deutsche Bank AG now owns 581,026 shares of the basic materials company’s stock valued at $6,628,000 after acquiring an additional 236,888 shares during the last quarter. Institutional investors and hedge funds own 46.86% of the company’s stock.
Pretium Resources stock opened at $7.32 on Thursday. Pretium Resources has a 12-month low of $6.17 and a 12-month high of $12.44. The stock has a market cap of $1,269.44, a P/E ratio of 73.20 and a beta of 0.07. The company has a quick ratio of 0.17, a current ratio of 0.23 and a debt-to-equity ratio of 0.44.
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About Pretium Resources
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's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.
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