Pretium Resources, Inc. (PVG) Stake Decreased by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 48.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,314 shares of the basic materials company’s stock after selling 20,215 shares during the period. Bank of Nova Scotia’s holdings in Pretium Resources were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PVG. Van ECK Associates Corp boosted its position in shares of Pretium Resources by 12.8% in the first quarter. Van ECK Associates Corp now owns 20,224,840 shares of the basic materials company’s stock valued at $216,606,000 after buying an additional 2,290,824 shares during the period. Bank of Montreal Can boosted its position in shares of Pretium Resources by 950.4% in the first quarter. Bank of Montreal Can now owns 4,033,263 shares of the basic materials company’s stock valued at $43,196,000 after buying an additional 3,649,305 shares during the period. Vanguard Group Inc. boosted its position in shares of Pretium Resources by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,802,494 shares of the basic materials company’s stock valued at $30,015,000 after buying an additional 140,724 shares during the period. FMR LLC boosted its position in shares of Pretium Resources by 1.9% in the first quarter. FMR LLC now owns 1,912,083 shares of the basic materials company’s stock valued at $20,503,000 after buying an additional 35,000 shares during the period. Finally, Norges Bank purchased a new position in shares of Pretium Resources during the fourth quarter valued at approximately $5,933,000. 47.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Pretium Resources, Inc. (PVG) traded down 2.75% on Tuesday, hitting $8.14. The company’s stock had a trading volume of 2,176,834 shares. The stock’s 50-day moving average price is $9.56 and its 200-day moving average price is $10.03. The firm’s market cap is $1.47 billion. Pretium Resources, Inc. has a 52 week low of $6.82 and a 52 week high of $12.53.

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PVG has been the subject of a number of analyst reports. BidaskClub raised Pretium Resources from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research cut Pretium Resources from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Citigroup Inc. reissued a “buy” rating and set a $13.00 price objective on shares of Pretium Resources in a report on Tuesday, June 6th. Finally, ValuEngine cut Pretium Resources from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.75.

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.

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

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