Company Shares of Pretium Resources Rally 8.5%

Pretium Resources (NYSE:PVG) has climbed 8.5% in the past week and advanced 18.88% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 9.81% and the outperformance has advanced to 17.8% for the last 4 weeks period.

Pretium Resources (NYSE:PVG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.51 and $9.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.57, notching a gain of 1.92% for the day. The total traded volume was 6,732,276 . The stock had closed at $9.39 on the previous day.

The company shares have rallied 70.59% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $9.71 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $8.14 and the 200 Day Moving Average price is recorded at $6.05.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Roth Capital maintains its rating on Pretium Resources (NYSE:PVG).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Roth Capital raises the new price target from $13 per share to $14 per share. The rating by the firm was issued on March 14, 2016. Institutional Investors own 37.95% of Pretium Resources shares.

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 Companys wholly owned projects include Brucejack Project and the Snowfield Project. The Companys only material mineral project for the purposes of NI 43-101 is the Brucejack Project. The Companys Brucejack Project is an advanced-stage exploration project located in north-western British Columbia and consists of 11 mineral claims totaling 3,199.28 hectares in area. The Companys Snowfield Project borders the Brucejack Project to the north and consists of one mineral claim with an area of approximately 1,267.43 hectares. The Company has two wholly owned subsidiaries, Pretium Exploration Inc. and 0890696 B.C. Ltd, which hold the Companys interests in the Brucejack Project and the assets related thereto.

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