Paramount Gold Nevada (PZG) Expected to Announce Earnings on Wednesday

Paramount Gold Nevada (NYSEAMERICAN:PZG) is expected to be releasing 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 Price Performance

Shares of NYSEAMERICAN:PZG opened at $1.38 on Wednesday. The firm’s 50 day moving average price is $1.88 and its 200-day moving average price is $1.56. Paramount Gold Nevada has a twelve month low of $0.43 and a twelve month high of $2.71. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $115.66 million, a PE ratio of -6.90 and a beta of 1.20.

Institutional Investors Weigh In On Paramount Gold Nevada

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kovack Advisors Inc. bought a new stake in Paramount Gold Nevada during the 4th quarter worth approximately $38,000. Osaic Holdings Inc. raised its stake in Paramount Gold Nevada by 531.1% during the 2nd quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 56,463 shares during the period. Bridgeway Capital Management LLC bought a new stake in Paramount Gold Nevada during the 4th quarter worth approximately $94,000. Captrust Financial Advisors bought a new stake in Paramount Gold Nevada during the 2nd quarter worth approximately $77,000. Finally, Jane Street Group LLC raised its stake in Paramount Gold Nevada by 502.5% during the 4th quarter. Jane Street Group LLC now owns 143,612 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 119,775 shares during the period. Institutional investors own 4.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PZG. Alliance Global Partners reiterated a “buy” rating on shares of Paramount Gold Nevada in a research note on Monday, February 2nd. iA Financial set a $3.25 price objective on shares of Paramount Gold Nevada in a research note on Monday, February 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $3.25.

About Paramount Gold Nevada

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.