Schroder Investment Management Group Purchases 63,457 Shares of Pretium Resources Inc (PVG)

Schroder Investment Management Group increased its position in shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,125,893 shares of the basic materials company’s stock after acquiring an additional 63,457 shares during the quarter. Schroder Investment Management Group owned approximately 0.62% of Pretium Resources worth $8,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PVG. Wells Fargo & Company MN boosted its position in shares of Pretium Resources by 127.9% during the 1st quarter. Wells Fargo & Company MN now owns 251,602 shares of the basic materials company’s stock valued at $1,676,000 after acquiring an additional 141,223 shares during the last quarter. BlackRock Inc. boosted its position in shares of Pretium Resources by 19.8% during the 1st quarter. BlackRock Inc. now owns 509,965 shares of the basic materials company’s stock valued at $3,397,000 after acquiring an additional 84,348 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of Pretium Resources during the 1st quarter valued at about $1,075,000. UBS Group AG boosted its position in shares of Pretium Resources by 8,477.2% during the 1st quarter. UBS Group AG now owns 207,996 shares of the basic materials company’s stock valued at $1,386,000 after acquiring an additional 205,571 shares during the last quarter. Finally, Natixis acquired a new position in shares of Pretium Resources during the 1st quarter valued at about $165,000. 52.55% of the stock is currently owned by hedge funds and other institutional investors.

NYSE PVG opened at $8.46 on Wednesday. Pretium Resources Inc has a 12 month low of $6.17 and a 12 month high of $11.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 84.60 and a beta of -0.12.

Pretium Resources (NYSE:PVG) (TSE:PVG) last posted its earnings results on Thursday, August 9th. The basic materials company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.08. Pretium Resources had a net margin of 3.22% and a return on equity of 8.67%. The company had revenue of $146.48 million for the quarter, compared to analysts’ expectations of $141.20 million. As a group, analysts predict that Pretium Resources Inc will post 0.6 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Pretium Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. HC Wainwright set a $15.00 price target on shares of Pretium Resources and gave the company a “buy” rating in a research report on Friday, August 10th. Citigroup lowered their price target on shares of Pretium Resources from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 29th. Finally, Zacks Investment Research raised shares of Pretium Resources from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.60.

Pretium Resources Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company's principal project is the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia.

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

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