Jane Street Group LLC cut its position in Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 86.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,687 shares of the basic materials company’s stock after selling 288,150 shares during the period. Jane Street Group LLC’s holdings in Pretium Resources were worth $468,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of PVG. Bank of New York Mellon Corp purchased a new position in Pretium Resources during the first quarter worth approximately $108,000. Timber Hill LLC purchased a new position in Pretium Resources during the first quarter worth approximately $117,000. Brookstone Capital Management purchased a new position in Pretium Resources during the first quarter worth approximately $162,000. Legal & General Group Plc increased its position in Pretium Resources by 30.0% in the first quarter. Legal & General Group Plc now owns 22,100 shares of the basic materials company’s stock worth $236,000 after buying an additional 5,100 shares during the period. Finally, Paloma Partners Management Co purchased a new position in Pretium Resources during the first quarter worth approximately $304,000. Institutional investors and hedge funds own 47.89% of the company’s stock.
Shares of Pretium Resources, Inc. (NYSE PVG) traded up 0.62% during trading on Friday, reaching $9.67. The company’s stock had a trading volume of 1,207,607 shares. Pretium Resources, Inc. has a 1-year low of $6.82 and a 1-year high of $12.53. The company’s 50-day moving average price is $9.52 and its 200 day moving average price is $10.06. The stock’s market capitalization is $1.75 billion.
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A number of equities analysts recently commented on PVG shares. Citigroup Inc. reiterated a “buy” rating and issued a $13.00 price target on shares of Pretium Resources in a research note on Tuesday, June 6th. BidaskClub upgraded Pretium Resources from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, ValuEngine downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Pretium Resources currently has an average rating of “Hold” and an average price target of $14.75.
About Pretium Resources
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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