Jefferies Group LLC Invests $422,000 in Pretium Resources (PVG)

Jefferies Group LLC purchased a new stake in shares of Pretium Resources (NYSE:PVG) (TSE:PVG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 37,005 shares of the basic materials company’s stock, valued at approximately $422,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp increased its position in shares of Pretium Resources by 68.7% during the third quarter. Stifel Financial Corp now owns 31,910 shares of the basic materials company’s stock valued at $296,000 after buying an additional 12,992 shares during the period. AGF Investments Inc. purchased a new position in shares of Pretium Resources during the fourth quarter valued at about $1,711,000. Schroder Investment Management Group increased its position in shares of Pretium Resources by 29.9% during the third quarter. Schroder Investment Management Group now owns 774,132 shares of the basic materials company’s stock valued at $7,781,000 after buying an additional 178,221 shares during the period. Alps Advisors Inc. increased its position in shares of Pretium Resources by 52.0% during the fourth quarter. Alps Advisors Inc. now owns 1,114,249 shares of the basic materials company’s stock valued at $12,714,000 after buying an additional 381,100 shares during the period. Finally, Sigma Planning Corp purchased a new position in shares of Pretium Resources during the fourth quarter valued at about $124,000. Institutional investors own 46.86% of the company’s stock.

Shares of PVG stock opened at $7.04 on Friday. Pretium Resources has a 52 week low of $6.17 and a 52 week high of $12.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.17 and a current ratio of 0.23. The company has a market cap of $1,313.21, a PE ratio of -88.00 and a beta of 0.10.

PVG has been the topic of several research analyst reports. HC Wainwright reiterated a “buy” rating and set a $16.50 price target on shares of Pretium Resources in a research report on Tuesday, December 26th. Zacks Investment Research cut shares of Pretium Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Credit Suisse Group cut shares of Pretium Resources from an “outperform” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Tuesday, January 23rd. CIBC lowered shares of Pretium Resources from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, January 25th. Finally, ValuEngine lowered shares of Pretium Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.60.

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Pretium Resources Profile

Pretium Resources Inc acquires, explores for, and develops precious metal resource properties in the Americas. It primarily explores for gold, silver, and copper deposits. The company owns 100% interests in the Brucejack project comprising 4 mining leases and 6 mineral claims covering an area of 3,304 hectares located in northwestern British Columbia; and the Snowfield project consisting of 1 mineral claim covering an area of 1,217 hectares located in northwestern British Columbia.

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

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