Paramount Gold Nevada (NYSEAMERICAN:PZG - Get Free Report) is expected to release its results after the market closes on Wednesday, May 13th. Analysts expect Paramount Gold Nevada to post earnings of $0.02 per share for the quarter.
Paramount Gold Nevada Stock Performance
Shares of PZG stock opened at $1.38 on Wednesday. Paramount Gold Nevada has a one year low of $0.43 and a one year high of $2.71. The company's 50-day moving average is $1.88 and its 200 day moving average is $1.56. The company has a market capitalization of $115.66 million, a price-to-earnings ratio of -6.90 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 1.01.
Hedge Funds Weigh In On Paramount Gold Nevada
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in Paramount Gold Nevada by 29.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,132,631 shares of the basic materials company's stock valued at $1,427,000 after acquiring an additional 256,431 shares during the period. Tidal Investments LLC lifted its stake in Paramount Gold Nevada by 11.3% during the 2nd quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company's stock valued at $611,000 after acquiring an additional 101,180 shares during the period. Geode Capital Management LLC lifted its stake in shares of Paramount Gold Nevada by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 636,319 shares of the basic materials company's stock worth $802,000 after purchasing an additional 36,324 shares during the period. State Street Corp lifted its stake in shares of Paramount Gold Nevada by 42.4% in the 4th quarter. State Street Corp now owns 282,289 shares of the basic materials company's stock worth $356,000 after purchasing an additional 84,100 shares during the period. Finally, NewEdge Advisors LLC bought a new position in shares of Paramount Gold Nevada in the 4th quarter worth approximately $207,000. Institutional investors own 4.51% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on PZG. iA Financial set a $3.25 price objective on shares of Paramount Gold Nevada in a research report on Monday, February 2nd. Alliance Global Partners restated a "buy" rating on shares of Paramount Gold Nevada in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Paramount Gold Nevada has a consensus rating of "Buy" and an average price target of $3.25.
Check Out Our Latest Research Report on Paramount Gold Nevada
Paramount Gold Nevada Company Profile
(
Get Free Report)
Paramount Gold Nevada is a publicly traded mineral exploration and development company focused on precious metal properties in Nevada. The company's core business activities include the acquisition, exploration, evaluation and advancement of gold and silver prospects. Utilizing modern geological, geochemical and geophysical survey techniques, Paramount seeks to delineate high-grade mineral resources and position its assets for potential future production or strategic partnerships with established mining operators.
Paramount's portfolio encompasses several key projects across Nevada's prolific mineral belts, including the historic Sleeper gold mine in Humboldt County, the Scossa epithermal gold system in Pershing County and the San Miguel gold-silver district in Mineral County.
Further Reading
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