Quantitative Systematic Strategies LLC Takes Position in Pretium Resources Inc (NYSE:PVG)

Quantitative Systematic Strategies LLC acquired a new stake in shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 10,952 shares of the basic materials company’s stock, valued at approximately $110,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Inc. lifted its holdings in shares of Pretium Resources by 41.1% during the 4th quarter. Advisor Group Inc. now owns 6,665 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 1,940 shares during the last quarter. Clean Yield Group purchased a new stake in shares of Pretium Resources during the 1st quarter valued at $137,000. Fox Run Management L.L.C. purchased a new stake in shares of Pretium Resources during the 2nd quarter valued at $179,000. Virtu Financial LLC purchased a new position in Pretium Resources in the 1st quarter worth $179,000. Finally, ARP Americas LP purchased a new position in Pretium Resources in the 1st quarter worth $204,000. Hedge funds and other institutional investors own 50.87% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Pretium Resources from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research note on Thursday. ValuEngine upgraded Pretium Resources from a “hold” rating to a “buy” rating in a research note on Saturday, June 1st. HC Wainwright restated a “buy” rating and issued a $16.50 target price on shares of Pretium Resources in a research note on Thursday, July 11th. B. Riley set a $23.00 target price on Pretium Resources and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Pretium Resources in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $16.11.

PVG stock traded up $0.07 during midday trading on Friday, reaching $12.92. The stock had a trading volume of 2,893,010 shares, compared to its average volume of 2,505,516. The firm has a market cap of $2.31 billion, a PE ratio of 23.93 and a beta of -0.40. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $10.87. Pretium Resources Inc has a 52-week low of $6.53 and a 52-week high of $13.20.

Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $113.20 million during the quarter, compared to analyst estimates of $143.99 million. Pretium Resources had a return on equity of 8.83% and a net margin of 6.48%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts forecast that Pretium Resources Inc will post 0.65 EPS for the current fiscal year.

About Pretium Resources

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. The company primarily explores for gold, silver, and copper deposits. Its principal project is the Brucejack project that consists of 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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