Stock of The Day: Is Buying Pretium Resources Inc Here a Winning Strategy?

Stock of The Day: Is Buying Pretium Resources Inc Here a Winning Strategy?

The stock of Pretium Resources Inc (NYSE:PVG) is a huge mover today! About 1.09 million shares traded hands. Pretium Resources Inc (NYSE:PVG) has risen 29.50% since April 13, 2016 and is uptrending. It has outperformed by 25.57% the S&P500.
The move comes after 7 months positive chart setup for the $1.54B company. It was reported on Nov, 15 by Barchart.com. We have $11.18 PT which if reached, will make NYSE:PVG worth $400.40M more.

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. On Thursday, September 17 the stock rating was maintained by H.C. Wainwright with “Buy”. The stock of Pretium Resources Inc (NYSE:PVG) earned “Hold” rating by Zacks on Thursday, August 20. As per Monday, March 14, the company rating was maintained by Roth Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, August 24. On Thursday, October 22 the stock rating was upgraded by Canaccord Genuity to “Speculative Buy”. The firm has “Buy” rating by Roth Capital given on Thursday, September 17. The stock has “Speculative Buy” rating given by Canaccord Genuity on Monday, August 24.

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 Q2 2016. Its down 0.86, from 2.63 in 2016Q1. The ratio is negative, 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.
Susquehanna Interest Group Incorporated Limited Liability Partnership last reported 0% of its portfolio in the stock. Blackrock Fund Advsrs has invested 0% of its portfolio in Pretium Resources Inc (NYSE:PVG). Mackenzie Finance, a Ontario – Canada-based fund reported 2.58M shares. Next Fin last reported 371 shares in the company. Vanguard Grp accumulated 0% or 2.47M shares. Commonwealth Fincl Bank Of has 2.15M shares for 0.28% of their US portfolio. Schroder Grp Inc last reported 888,400 shares in the company. Moreover, Legal And General Gru Pcl has 0% invested in Pretium Resources Inc (NYSE:PVG) for 17,000 shares. Sun Valley Gold Ltd Liability Corp last reported 4.38 million shares in the company. Global X Mngmt Llc has 302,989 shares for 0.17% of their US portfolio. Credit Suisse Ag holds 0% or 172,285 shares in its portfolio. 1832 Asset Lp, a Ontario – Canada-based fund reported 590,000 shares. Walleye Trading Ltd Liability Corporation holds 4,432 shares or 0% of its portfolio. Manufacturers Life Insur The reported 110,391 shares or 0% of all its holdings. Pcj Invest Counsel last reported 124,917 shares in the company.

More recent Pretium Resources Inc (NYSE:PVG) news were published by: Forbes.com which released: “Pretium Resources Becomes Oversold (PVG)” on August 24, 2016. Also Fool.com published the news titled: “Why Pretium Resources Inc Shares Plunged Today” on February 23, 2016. Seekingalpha.com‘s news article titled: “Pretium Resources – 3Q’16 Earnings Review” with publication date: November 08, 2016 was also an interesting one.

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