Pretium Resources (NYSE:PVG) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Pretium Resources (NYSE:PVGGet Rating) (TSE:PVG) in a research note issued to investors on Friday. The firm set a “hold” rating on the basic materials company’s stock.

Pretium Resources Stock Performance

NYSE:PVG opened at $15.05 on Friday. The stock has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $15.03. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of -94.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.13 and a current ratio of 1.28. Pretium Resources has a 1 year low of $8.29 and a 1 year high of $15.65.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in Pretium Resources by 2,602.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,920,041 shares of the basic materials company’s stock valued at $41,144,000 after purchasing an additional 2,811,971 shares during the last quarter. LMR Partners LLP acquired a new stake in Pretium Resources in the fourth quarter valued at $37,759,000. Millennium Management LLC acquired a new stake in Pretium Resources in the fourth quarter valued at $27,087,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Pretium Resources by 213.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 989,349 shares of the basic materials company’s stock valued at $13,948,000 after purchasing an additional 674,068 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Pretium Resources by 1,473.5% in the fourth quarter. Citigroup Inc. now owns 295,887 shares of the basic materials company’s stock valued at $4,174,000 after purchasing an additional 277,083 shares during the last quarter. Hedge funds and other institutional investors own 55.11% of the company’s stock.

Pretium Resources Company Profile

(Get Rating)

Pretium Resources, Inc engages in the acquisition, exploration, development and operation of gold and precious metals resource properties. Its projects include Snowfield and Brucejack which are located in British Columbia. The company was founded by Robert Allan Quartermain in 2010 and is headquartered in Vancouver, Canada.

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