Out of 3 analysts covering Pretium Resources (NYSE:PVG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $15 is the highest target while $13.50 is the lowest. The $13.75 average target is 26.61% above today’s ($10.86) stock price. Pretium Resources has been the topic of 4 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Roth Capital maintained the stock on March 14 with “Buy” rating. Below is a list of Pretium Resources Inc (NYSE:PVG) latest ratings and price target changes.
14/03/2016 Broker: Roth Capital Rating: Buy Old Target: $13.00 New Target: $14.00 Maintain
About 2.67 million shares traded hands or 86.71% up from the average. Pretium Resources Inc (NYSE:PVG) has risen 121.12% since February 8, 2016 and is uptrending. It has outperformed by 104.63% the S&P500.
Pretium Resources Inc. is a Canada-based exploration and development company. The company has a market cap of $1.98 billion. The Firm is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. It currently has negative earnings. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.
The institutional sentiment decreased to 1.77 in Q2 2016. Its down 0.86, from 2.63 in 2016Q1. The ratio turned negative, as 14 funds sold all Pretium Resources Inc shares owned while 16 reduced positions. 18 funds bought stakes while 35 increased positions. They now own 76.33 million shares or 14.96% more from 66.40 million shares in 2016Q1.
Sun Valley Gold Llc holds 12.84% of its portfolio in Pretium Resources Inc for 4.38 million shares. Mak Capital One Llc owns 680,800 shares or 6.04% of their US portfolio. Moreover, U S Global Investors Inc has 3.53% invested in the company for 575,000 shares. The Massachusetts-based Liberty Mutual Group Asset Management Inc. has invested 3.41% in the stock. Sprott Inc., a Ontario – Canada-based fund reported 3.00 million shares.
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