Zacks Investment Research upgraded shares of Paramount Gold Nevada Corp (NYSE:PZG) from a hold rating to a buy rating in a research note published on Wednesday. Zacks Investment Research currently has $1.50 price objective on the stock.
According to Zacks, “Paramount Gold and Silver Corp. engages in the acquisition, exploration, and development of gold, silver, and precious metal properties primarily in Mexico. The Company’s primary objective is to explore and develop the San Miguel project. The project is located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt. The company will also continue to explore additional opportunities through joint ventures and acquisitions. The Company’s exploratory activities are concentrated within the San Miguel Groupings. “
Other analysts also recently issued research reports about the stock. HC Wainwright reissued a buy rating and issued a $3.75 price objective on shares of Paramount Gold Nevada Corp in a research note on Monday, October 2nd. Roth Capital set a $2.00 price objective on shares of Paramount Gold Nevada Corp and gave the stock a buy rating in a research note on Wednesday, August 2nd.
Shares of Paramount Gold Nevada Corp (PZG) remained flat at $$1.20 during midday trading on Wednesday. The stock had a trading volume of 101,866 shares, compared to its average volume of 82,115. Paramount Gold Nevada Corp has a 52-week low of $1.16 and a 52-week high of $2.10.
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In related news, major shareholder Parent Co. Fcmi purchased 1,075,000 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was purchased at an average price of $1.40 per share, with a total value of $1,505,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 1,110,000 shares of company stock valued at $1,552,400 in the last ninety days.
About Paramount Gold Nevada Corp
Paramount Gold Nevada Corp. is an exploration-stage mining company. The Company is engaged in the business of acquiring, exploring and developing precious metal projects in the United States. Its principal Nevada interest, the Sleeper Gold Project, is located in Humboldt County, Nevada. Its project located in Oregon, known as the Grassy Mountain Project, is situated in Malheur County, Oregon.
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