Sun Valley Gold LLC Lifted Pretium Res INC (PVG) Stake by $10.20 Million; Share Price Declined

July 17, 2017 - By Migdalia James

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.63, from 1.56 in 2016Q3. It is negative, as 13 investors sold PVG shares while 31 reduced holdings. 10 funds opened positions while 31 raised stakes. 78.26 million shares or 4.70% less from 82.12 million shares in 2016Q3 were reported. Cqs Cayman Lp, a Cayman Islands-based fund reported 195,000 shares. Susquehanna Intl Group Inc Ltd Liability Partnership holds 0% or 581,296 shares in its portfolio. Bnp Paribas Arbitrage Sa holds 0% or 13 shares in its portfolio. Quantbot Techs Ltd Partnership holds 2,816 shares or 0% of its portfolio. Huntington National Bank holds 714 shares. U S stated it has 300,000 shares or 1.04% of all its holdings. Manufacturers Life Insurance The stated it has 82,218 shares or 0% of all its holdings. Swiss Savings Bank holds 251,548 shares or 0% of its portfolio. Glob X Management Ltd Liability owns 0.08% invested in Pretium Resources Inc (NYSE:PVG) for 205,439 shares. Legal And General Group Incorporated Public Limited has 0% invested in Pretium Resources Inc (NYSE:PVG). Canada Pension Plan Board holds 0.01% or 241,900 shares. Jpmorgan Chase And has 0% invested in Pretium Resources Inc (NYSE:PVG). Guggenheim Cap Limited Liability Company has 195,514 shares. Credit Agricole S A holds 117,600 shares. Ubs Asset Americas has 30,395 shares for 0% of their portfolio.

Peter Franklin Palmedo increased its stake in Pretium Res Inc (PVG) by 34.51% based on its latest 2016Q4 regulatory filing with the SEC. Sun Valley Gold Llc bought 1.28M shares as the company’s stock declined 19.63% while stock markets rallied. The hedge fund run by Peter Franklin Palmedo held 4.97M shares of the basic industries company at the end of 2016Q4, valued at $41.15M, up from 3.70 million at the end of the previous reported quarter. Sun Valley Gold Llc who had been investing in Pretium Res Inc for a number of months, seems to be bullish on the $1.75 billion market cap company. The stock declined 0.72% or $0.07 reaching $9.61 on the news. About 991,324 shares traded. Pretium Resources Inc (NYSE:PVG) has risen 14.20% since July 17, 2016 and is uptrending. It has underperformed by 2.50% the S&P500.

Sun Valley Gold Llc, which manages about $547.54M and $1.75 billion US Long portfolio, decreased its stake in Spdr Gold Trust (Call) (GLD) by 8.62 million shares to 11.56 million shares, valued at $1.27 billion in 2016Q4, according to the filing.

More news for Pretium Resources Inc (NYSE:PVG) were recently published by: Seekingalpha.com, which released: “Pretium Achieves Commercial Production At The Brucejack Mine” on July 05, 2017. Marketwired.com‘s article titled: “Pretium Resource Inc.: First Gold Pour at Brucejack Mine” and published on June 20, 2017 is yet another important article.

Pretium Resources Inc (NYSE:PVG) Ratings Coverage

Among 5 analysts covering Pretium Resources (NYSE:PVG), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pretium Resources had 9 analyst reports since August 24, 2015 according to SRatingsIntel. Roth Capital maintained Pretium Resources Inc (NYSE:PVG) on Monday, March 14 with “Buy” rating. The stock has “Buy” rating by Roth Capital on Thursday, September 17. H.C. Wainwright maintained it with “Buy” rating and $13.50 target in Thursday, September 17 report. The firm earned “Sector Perform” rating on Monday, August 24 by RBC Capital Markets. As per Wednesday, March 8, the company rating was upgraded by RBC Capital Markets. The stock has “Speculative Buy” rating by Canaccord Genuity on Thursday, October 22. The stock of Pretium Resources Inc (NYSE:PVG) earned “Speculative Buy” rating by Canaccord Genuity on Monday, August 24. On Thursday, August 20 the stock rating was upgraded by Zacks to “Hold”.

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