Sun Valley Gold Lowers stake in Pretium Resources Inc (PVG)

Pretium Resources Inc (PVG) : Sun Valley Gold reduced its stake in Pretium Resources Inc by 15.57% during the most recent quarter end. The investment management company now holds a total of 3,695,686 shares of Pretium Resources Inc which is valued at $31,635,072 after selling 681,766 shares in Pretium Resources Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Pretium Resources Inc makes up approximately 15.44% of Sun Valley Gold’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds reduced its stake in PVG by selling 1,349,200 shares or 93.1% in the most recent quarter. The Hedge Fund company now holds 100,000 shares of PVG which is valued at $856,000.Schroder Investment Management Group boosted its stake in PVG in the latest quarter, The investment management firm added 19,700 additional shares and now holds a total of 908,100 shares of Pretium Resources Inc which is valued at $8,599,707. Pretium Resources Inc makes up approx 0.02% of Schroder Investment Management Group’s portfolio.Next Financial Group Inc boosted its stake in PVG in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 596 shares of Pretium Resources Inc which is valued at $5,912.

Pretium Resources Inc closed down -0.16 points or -1.86% at $8.43 with 17,34,684 shares getting traded on Monday. Post opening the session at $8.45, the shares hit an intraday low of $8.2 and an intraday high of $8.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 wholly owned projects include Brucejack Project and the Snowfield Project. The Company’s only material mineral project for the purposes of NI 43-101 is the Brucejack Project. The Company’s Brucejack Project is an advanced-stage exploration project located in north-western British Columbia and consists of 11 mineral claims totaling 3199.28 hectares in area. The Company’s Snowfield Project borders the Brucejack Project to the north and consists of one mineral claim with an area of approximately 1267.43 hectares. The Company has two wholly owned subsidiaries Pretium Exploration Inc. and 0890696 B.C. Ltd which hold the Company’s interests in the Brucejack Project and the assets related thereto.

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