Sentry Investment Management LLC Raises Holdings in Pretium Resources Inc (PVG)

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Sentry Investment Management LLC boosted its position in Pretium Resources Inc (NYSE:PVG) (TSE:PVG) by 53.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 44,302 shares of the basic materials company’s stock after purchasing an additional 15,461 shares during the period. Sentry Investment Management LLC’s holdings in Pretium Resources were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PVG. Two Sigma Advisers LP purchased a new stake in shares of Pretium Resources during the fourth quarter valued at approximately $888,000. Vanguard Group Inc boosted its stake in shares of Pretium Resources by 4.2% during the third quarter. Vanguard Group Inc now owns 4,169,165 shares of the basic materials company’s stock valued at $31,727,000 after purchasing an additional 167,215 shares during the period. Polar Capital LLP purchased a new stake in shares of Pretium Resources during the fourth quarter valued at approximately $15,435,000. Fiera Capital Corp purchased a new stake in shares of Pretium Resources during the fourth quarter valued at approximately $577,000. Finally, Exane Derivatives purchased a new stake in shares of Pretium Resources during the first quarter valued at approximately $1,029,000. 51.05% of the stock is owned by institutional investors and hedge funds.

Shares of Pretium Resources stock opened at $7.93 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.46 billion, a P/E ratio of 14.69 and a beta of -0.38. 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 announced its earnings results on Thursday, May 2nd. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $103.10 million during the quarter, compared to the consensus estimate of $129.47 million. Pretium Resources had a return on equity of 12.29% and a net margin of 10.43%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities analysts predict that Pretium Resources Inc will post 0.44 earnings per share for the current fiscal year.

PVG has been the subject of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and set a $17.50 price objective on shares of Pretium Resources in a research note on Friday, April 5th. B. Riley initiated coverage on Pretium Resources in a research note on Friday, March 1st. They set a “buy” rating and a $19.35 price objective for the company. HC Wainwright set a $17.00 price objective on Pretium Resources and gave the company a “buy” rating in a research note on Friday, April 5th. CIBC reissued a “hold” rating and set a $12.00 price objective on shares of Pretium Resources in a research note on Monday, April 8th. Finally, ValuEngine raised Pretium Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.39.

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

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