Paramount Gold Nevada Corp (PZG) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Paramount Gold Nevada Corp (NYSE:PZG) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

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. “

PZG has been the topic of several other research reports. 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. HC Wainwright reissued a buy rating and set a $4.00 price objective on shares of Paramount Gold Nevada Corp in a research note on Friday, September 8th.

Shares of Paramount Gold Nevada Corp (NYSE PZG) opened at 1.77 on Tuesday. Paramount Gold Nevada Corp has a 12-month low of $1.51 and a 12-month high of $2.30. The firm’s market cap is $31.47 million. The company has a 50 day moving average of $1.78 and a 200-day moving average of $1.78.

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Paramount Gold Nevada Corp Company Profile

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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