Paramount Gold Nevada (NYSEAMERICAN:PZG) Posts Earnings Results

Paramount Gold Nevada (NYSEAMERICAN:PZG) issued its earnings results on Thursday. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports.

Paramount Gold Nevada Trading Up 3.9%

NYSEAMERICAN:PZG traded up $0.05 on Thursday, reaching $1.33. 170,139 shares of the company’s stock were exchanged, compared to its average volume of 1,007,295. The firm has a market capitalization of $114.09 million, a price-to-earnings ratio of -6.05 and a beta of 1.27. Paramount Gold Nevada has a 52-week low of $0.95 and a 52-week high of $2.71. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $1.33 and a 200-day moving average of $1.48.

Institutional Investors Weigh In On Paramount Gold Nevada

Several large investors have recently added to or reduced their stakes in PZG. Tidal Investments LLC increased its position in shares of Paramount Gold Nevada by 44.1% during the second quarter. Tidal Investments LLC now owns 4,553,669 shares of the basic materials company’s stock worth $5,191,000 after acquiring an additional 1,392,617 shares during the period. BlackRock Inc. purchased a new position in Paramount Gold Nevada in the second quarter valued at $457,000. Bank of America Corp DE grew its stake in Paramount Gold Nevada by 9,018.3% during the 1st quarter. Bank of America Corp DE now owns 140,330 shares of the basic materials company’s stock worth $233,000 after purchasing an additional 138,791 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Paramount Gold Nevada during the 1st quarter worth $105,000. Finally, Renaissance Technologies LLC increased its holdings in Paramount Gold Nevada by 11.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,266,824 shares of the basic materials company’s stock worth $2,103,000 after purchasing an additional 134,193 shares during the period. 4.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners restated a “buy” rating on shares of Paramount Gold Nevada in a report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Paramount Gold Nevada has a consensus rating of “Buy” and a consensus target price of $3.25.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada Corp. is a mineral exploration and development company focused on precious metals projects in the United States. The company’s activities include acquiring, evaluating, exploring, and advancing properties with the potential to host gold and other valuable minerals.

Paramount Gold Nevada’s principal assets include the Sleeper Gold Project in Humboldt County, Nevada, and the Grassy Mountain Gold Project in Malheur County, Oregon. The Sleeper property is a former producing gold and silver mine that the company is evaluating for potential redevelopment, while Grassy Mountain is an exploration and development project targeting gold and silver mineralization.

The company was previously known as Paramount Gold and Silver Corp.