Pretium Resources (NYSE:PVG) Rating Change

In analysts note issued to clients on Tuesday, 23 January, equity research analysts at Credit Suisse’s equities division downgraded Pretium Resources (NYSE:PVG)’s stock rating from “Outperform” to “Neutral”.

Institutional Ownership

Mak Capital One Llc had the most significant stake with ownership of 680,800 shares as of Q2 2015 for 4.48% of the fund portfolio. Liberty Mutual Group Asset Management Inc. is another quite bullish active investment manager who is having 8.34M shares of Pretium Resources or 3.04% of their fund portfolio. Furthermore, U S Global Investors Inc have 2.79% of their fund portfolio invested in the company for 575,000 shares. The Illinois-based fund Anchor Bolt Capital Lp disclosed it had purchased so far a stake worth about 1.23% of the active investment manager’s stock portfolio in Pretium Resources. The Idaho-based fund Sun Valley Gold Llc is also positive about the stock, possessing 3.91M shares or 1.18% of their fund portfolio.

Pretium Resources (NYSE:PVG) Profile

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.

Pretium Resources (NYSE:PVG) traded down -2.58% on 23 January, hitting $8.67. A total of 9.38M shares of the company’s stock traded hands. This is up from average of 2.16M shares. Pretium Resources has a 52 week low of $6.82 and a 52 week high of $12.53. The company has a market cap of $1.57B and a P/E ratio of 0.

Get the latest Pretium Resources (NYSE:PVG) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Pretium Resources (NYSE:PVG) Stock Rating Downgraded to “Neutral” by Credit Suisse from “Outperform” appeared first on Octafinance.