SG Americas Securities LLC increased its holdings in shares of Pretium Resources Inc (NYSE:PVG) (TSE:PVG) by 173.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,791 shares of the basic materials company’s stock after buying an additional 65,140 shares during the quarter. SG Americas Securities LLC’s holdings in Pretium Resources were worth $880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont purchased a new position in Pretium Resources during the 4th quarter worth $29,000. Advisor Group Inc. grew its stake in 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. Bennicas & Associates Inc. purchased a new stake in Pretium Resources during the 4th quarter valued at about $112,000. Clean Yield Group purchased a new stake in Pretium Resources during the 1st quarter valued at about $137,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Pretium Resources in the fourth quarter worth about $153,000. Hedge funds and other institutional investors own 55.76% of the company’s stock.
A number of brokerages have recently commented on PVG. Zacks Investment Research downgraded Pretium Resources from a “hold” rating to a “sell” rating in a research note on Friday, January 18th. ValuEngine raised Pretium Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. CIBC reaffirmed a “hold” rating and issued a $12.00 price target on shares of Pretium Resources in a report on Monday, April 8th. HC Wainwright set a $17.00 price target on Pretium Resources and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, B. Riley assumed coverage on Pretium Resources in a report on Friday, March 1st. They set a “buy” rating and a $19.35 target price for the company. Three equities 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 a consensus rating of “Buy” and a consensus target price of $14.39.
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, topping the consensus estimate of $0.08 by $0.01. The company 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%. Pretium Resources’s revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Pretium Resources Inc will post 0.44 earnings per share for the current year.
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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