Todays Report: The Pretium Resources Inc. (PVG) Stake Raised by Shell Asset Management Co.

The Pretium Resources Inc. (PVG) Stake Raised by Shell Asset Management Co.

Shell Asset Management Co. raised its position in Pretium Resources Inc. (NYSE:PVG) by 25.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,593 shares of the company’s stock after buying an additional 3,200 shares during the period. Shell Asset Management Co.’s holdings in Pretium Resources were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PVG. Prudential PLC raised its stake in Pretium Resources by 101.7% in the first quarter. Prudential PLC now owns 3,965,862 shares of the company’s stock valued at $21,217,000 after buying an additional 2,000,000 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Pretium Resources by 186,873.0% in the first quarter. JPMorgan Chase & Co. now owns 1,308,811 shares of the company’s stock valued at $7,002,000 after buying an additional 1,308,111 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Pretium Resources during the first quarter valued at $5,074,000. Royce & Associates LP raised its stake in Pretium Resources by 28.1% in the first quarter. Royce & Associates LP now owns 1,174,500 shares of the company’s stock valued at $6,303,000 after buying an additional 257,500 shares during the last quarter. Finally, Sun Valley Gold LLC raised its stake in Pretium Resources by 5.8% in the first quarter. Sun Valley Gold LLC now owns 4,377,452 shares of the company’s stock valued at $23,460,000 after buying an additional 238,183 shares during the last quarter. Hedge funds and other institutional investors own 43.02% of the company’s stock.

Shares of Pretium Resources Inc. (NYSE:PVG) traded up 2.08% during mid-day trading on Wednesday, hitting $8.83. 1,294,381 shares of the company were exchanged. Pretium Resources Inc. has a 12-month low of $4.00 and a 12-month high of $12.41. The firm’s market capitalization is $1.58 billion. The company’s 50-day moving average price is $10.23 and its 200-day moving average price is $9.38.

Several analysts have recently weighed in on PVG shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Pretium Resources in a report on Wednesday, June 29th. Zacks Investment Research lowered shares of Pretium Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 30th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of Pretium Resources in a report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.38.

Pretium Resources Company Profile

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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