Virtu Financial LLC bought a new position in shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,947 shares of the basic materials company’s stock, valued at approximately $179,000.
Several other hedge funds have also recently bought and sold shares of PVG. Trust Co. of Vermont bought a new position in shares of Pretium Resources during the 4th quarter valued at $29,000. Advisor Group Inc. increased its stake in shares of Pretium Resources by 41.1% in the 4th quarter. Advisor Group Inc. now owns 6,665 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 1,940 shares in the last quarter. Bennicas & Associates Inc. purchased a new stake in shares of Pretium Resources in the 4th quarter worth $112,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Pretium Resources in the 4th quarter worth $153,000. Finally, HM Payson & Co. increased its stake in shares of Pretium Resources by 11.7% in the 3rd quarter. HM Payson & Co. now owns 17,200 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 55.76% of the company’s stock.
Shares of Pretium Resources stock traded down $0.11 during trading on Wednesday, reaching $7.90. 696,468 shares of the stock traded hands, compared to its average volume of 1,946,839. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 14.63 and a beta of -0.38. The company has a quick ratio of 0.49, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Pretium Resources Inc has a 52-week low of $6.53 and a 52-week high of $9.84.
Pretium Resources (NYSE:PVG) (TSE:PVG) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $103.10 million during the quarter, compared to analyst estimates of $129.47 million. Pretium Resources had a return on equity of 12.29% and a net margin of 10.43%. The business’s revenue was up 15.3% on a year-over-year basis. On average, equities analysts expect that Pretium Resources Inc will post 0.44 EPS for the current fiscal year.
Several equities research analysts have recently commented on PVG shares. Zacks Investment Research upgraded Pretium Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 16th. Royal Bank of Canada reiterated a “buy” rating on shares of Pretium Resources in a research note on Wednesday, January 23rd. BMO Capital Markets reiterated a “buy” rating and issued a $17.50 price target on shares of Pretium Resources in a research note on Friday, April 5th. B. Riley assumed coverage on Pretium Resources in a research note on Friday, March 1st. They issued a “buy” rating and a $19.35 price target for the company. Finally, HC Wainwright set a $17.00 price target on Pretium Resources and gave the stock a “buy” rating in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.39.
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Pretium Resources Profile
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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