Pretium Resources, Inc. (PVG) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC increased its stake in shares of Pretium Resources, Inc. (NYSE:PVG) (TSE:PVG) by 24.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 503,000 shares of the basic materials company’s stock after acquiring an additional 99,000 shares during the period. Gabelli Funds LLC owned about 0.28% of Pretium Resources worth $5,810,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PVG. World Asset Management Inc acquired a new stake in shares of Pretium Resources during the second quarter worth $102,000. Investment Centers of America Inc. acquired a new stake in shares of Pretium Resources during the second quarter worth $103,000. HM Payson & Co. acquired a new stake in shares of Pretium Resources during the second quarter worth $106,000. Bank of New York Mellon Corp acquired a new stake in shares of Pretium Resources during the first quarter worth $108,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Pretium Resources in the 2nd quarter valued at $152,000. Institutional investors and hedge funds own 44.54% of the company’s stock.

Shares of Pretium Resources, Inc. (NYSE:PVG) opened at $11.40 on Monday. Pretium Resources, Inc. has a 52 week low of $6.82 and a 52 week high of $12.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.74.

PVG has been the topic of several recent research reports. ValuEngine upgraded shares of Pretium Resources from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. HC Wainwright reiterated a “buy” rating and issued a $16.50 price target on shares of Pretium Resources in a research note on Thursday, October 12th. UBS AG upgraded shares of Pretium Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 12th. Credit Suisse Group set a $13.00 price target on shares of Pretium Resources and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, BidaskClub lowered shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.36.

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About Pretium Resources

Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.

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Institutional Ownership by Quarter for Pretium Resources (NYSE:PVG)

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