Tidal Investments LLC Purchases 1,392,617 Shares of Paramount Gold Nevada Corp. $PZG

Tidal Investments LLC boosted its position in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 44.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,553,669 shares of the basic materials company’s stock after purchasing an additional 1,392,617 shares during the period. Tidal Investments LLC owned about 0.05% of Paramount Gold Nevada worth $5,191,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Paramount Gold Nevada in the 2nd quarter worth approximately $457,000. Sei Investments Co. bought a new stake in Paramount Gold Nevada during the first quarter valued at approximately $665,000. Renaissance Technologies LLC increased its holdings in Paramount Gold Nevada by 29.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,132,631 shares of the basic materials company’s stock valued at $1,427,000 after buying an additional 256,431 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Paramount Gold Nevada during the fourth quarter valued at approximately $207,000. Finally, Hollencrest Capital Management bought a new position in Paramount Gold Nevada in the fourth quarter worth approximately $181,000. 4.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Paramount Gold Nevada Price Performance

NYSEAMERICAN PZG opened at $1.32 on Monday. Paramount Gold Nevada Corp. has a 12 month low of $0.95 and a 12 month high of $2.71. The stock has a market cap of $113.23 million, a price-to-earnings ratio of -6.00 and a beta of 1.27. The company’s 50 day moving average is $1.32 and its two-hundred day moving average is $1.50. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.57.

Paramount Gold Nevada Company Profile

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.