Investec Asset Management LTD bought a new stake in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 283,285 shares of the basic materials company’s stock, valued at approximately $2,718,000. Investec Asset Management LTD owned approximately 0.16% of Pretium Resources at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Morgan Stanley grew its stake in Pretium Resources by 23.9% during the 1st quarter. Morgan Stanley now owns 131,772 shares of the basic materials company’s stock valued at $1,411,000 after acquiring an additional 25,401 shares in the last quarter. Commonwealth Bank of Australia grew its stake in Pretium Resources by 13.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,691,900 shares of the basic materials company’s stock valued at $25,826,000 after acquiring an additional 319,200 shares in the last quarter. HM Payson & Co. purchased a new position in Pretium Resources during the 2nd quarter valued at about $106,000. HighTower Advisors LLC purchased a new position in Pretium Resources during the 1st quarter valued at about $294,000. Finally, Bridgewater Associates LP purchased a new position in Pretium Resources during the 2nd quarter valued at about $413,000. 43.25% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: “Investec Asset Management LTD Buys New Position in Pretium Resources, Inc. (PVG)” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/09/21/investec-asset-management-ltd-buys-new-position-in-pretium-resources-inc-pvg.html.
Several brokerages recently commented on PVG. Royal Bank Of Canada reissued an “outperform” rating on shares of Pretium Resources in a research note on Thursday, September 7th. Citigroup Inc. reissued a “buy” rating on shares of Pretium Resources in a research note on Wednesday, September 6th. BidaskClub raised Pretium Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Roth Capital set a $16.00 price target on Pretium Resources and gave the company a “buy” rating in a research note on Friday, August 18th. Finally, HC Wainwright reissued a “buy” rating and issued a $16.50 price target on shares of Pretium Resources in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, three have 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 target price of $14.93.
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.
Want to see what other hedge funds are holding PVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG).
Receive News & Ratings for Pretium Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pretium Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.