Stock Worth Mentioning Today: What’s Propelling Pretium Resources Inc to Increase So Much?

Stock Worth Mentioning Today: What's Propelling Pretium Resources Inc to Increase So Much?

The stock of Pretium Resources Inc (NYSE:PVG) is a huge mover today! About 913,170 shares traded hands. Pretium Resources Inc (NYSE:PVG) has risen 68.10% since March 8, 2016 and is uptrending. It has outperformed by 58.79% the S&P500.
The move comes after 6 months positive chart setup for the $1.54B company. It was reported on Oct, 11 by We have $14.26 PT which if reached, will make NYSE:PVG worth $954.80M more.

Analysts await Pretium Resources Inc (NYSE:PVG) to report earnings on November, 3. They expect $-0.02 EPS, 0.00% or $0.00 from last year’s $-0.02 per share. After $-0.03 actual EPS reported by Pretium Resources Inc for the previous quarter, Wall Street now forecasts -33.33% EPS growth.

Pretium Resources Inc (NYSE:PVG) Ratings Coverage

Out of 3 analysts covering Pretium Resources (NYSE:PVG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Pretium Resources has been the topic of 7 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, September 17 by Roth Capital. The company was upgraded on Thursday, August 20 by Zacks. Roth Capital maintained it with “Buy” rating and $14 target price in Monday, March 14 report. The stock of Pretium Resources Inc (NYSE:PVG) has “Sector Perform” rating given on Monday, August 24 by RBC Capital Markets. The rating was upgraded by Canaccord Genuity on Thursday, October 22 to “Speculative Buy”. The company was maintained on Monday, August 24 by Canaccord Genuity. The stock of Pretium Resources Inc (NYSE:PVG) earned “Buy” rating by H.C. Wainwright on Thursday, September 17.

According to Zacks Investment Research, “Pretium Resources Inc. is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company owns the Snowfield and Brucejack Projects located in Northwest British Columbia, Canada. Its mineral interests consist of gold/copper/silver exploration projects. Pretium Resources Inc. is headquartered in Vancouver, Canada.”

Insitutional Activity: The institutional sentiment decreased to 1.77 in 2016 Q2. Its down 0.86, from 2.63 in 2016Q1. The ratio dropped, as 14 funds sold all Pretium Resources Inc shares owned while 16 reduced positions. 18 funds bought stakes while 35 increased positions. They now own 76.33 million shares or 14.96% more from 66.40 million shares in 2016Q1.
Syntal Cap Prtnrs Ltd accumulated 0.34% or 25,590 shares. Pnc Financial Grp has 0% invested in the company for 1,850 shares. Jpmorgan Chase & Com holds 1.19 million shares or 0% of its portfolio. Fmr Lc has invested 0.01% of its portfolio in Pretium Resources Inc (NYSE:PVG). Moreover, Blackrock has 0% invested in Pretium Resources Inc (NYSE:PVG) for 299,707 shares. Legal & General Grp Inc Public Limited Com has 17,000 shares for 0% of their US portfolio. The Ontario – Canada-based National Bank & Trust Of Nova Scotia has invested 0% in Pretium Resources Inc (NYSE:PVG). Tower Limited Liability (Trc) has invested 0.01% of its portfolio in Pretium Resources Inc (NYSE:PVG). Creative Planning has 26,388 shares for 0% of their US portfolio. Ig Mgmt holds 724,400 shares or 0.03% of its portfolio. Commonwealth Commercial Bank Of Australia last reported 0.28% of its portfolio in the stock. Mak Cap One reported 680,800 shares or 6.04% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 3,942 shares. Moreover, Renaissance Ltd Liability has 0% invested in Pretium Resources Inc (NYSE:PVG) for 49,200 shares. Schroder Investment Grp Inc accumulated 0.02% or 888,400 shares.

More news for Pretium Resources Inc (NYSE:PVG) were recently published by:, which released: “Pretium Resources Becomes Oversold (PVG)” on August 24, 2016.‘s article titled: “Why Pretium Resources Inc Shares Plunged Today” and published on February 23, 2016 is yet another important article.

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