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Letko, Brosseau & Associates’s holding in Pretium Resources Inc decreased to about 11 million shares with the transaction.
Letko, Brosseau & Associates first bought Pretium Resources Inc stock in the first quarter of 2018. Letko, Brosseau & Associates also owns Hudbay Minerals Inc . (NYSE:HBM). Pretium Resources Inc is its number two position by number of shares and market value among gold & silver stocks.
Other investors who also reduced their Pretium Resources Inc shares include Citigroup (NYSE:C), Fort Washington Investment Advisors, and Gotham Asset Management. Contrary to Letko, Brosseau & Associates, Investec Asset Management added to PVG shares.
Letko, Brosseau & Associates has also recently reduced their share in Hudbay Minerals Inc. The total value of the shares sold is estimated at around $63 million.
Letko, Brosseau & Associates also reduced their share in Celestica, Inc. (NYSE:CLS) and Norbord Inc. (NYSE:OSB). The total value of the shares sold is estimated at around $64 million.
