Paramount Gold Nevada Corp. (PZG): What Analysts Say?

The stock of Paramount Gold Nevada Corp. (AMEX:PZG) increased by $0.01 on Tuesday to finish at $0.29, up 3.02 percent. The last five days have seen an average of 441,920 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$0.0550. The average number of shares traded over the last 20 days was 798,295, while the average volume over the last 50 days totaled 403,720.

PZG stock dropped -15.99% since last month. On 06/06/23, the company’s shares reached a one-month low of $0.2400. The stock touched a high of $0.56 on 01/18/23, after rallying from a low of $0.27 in 52 weeks. The price of PZG stock has declined by -15.94% or -$0.0550 this year, reaching a new high 11 times. Still, the stock price is down -47.75% from the 52-week high.

Insider Transactions

PZG stock investors should be aware that Paramount Gold Nevada Corp. (PZG) stock had its last reported insider trading activity 28 days ago on May 10. On May 10, 10% Owner FCMI Parent Co. acquired 4,300,000 shares at $0.32 each. This transaction resulted in the insider spending $1,376,000.

Financial Health

For the three months ended December 30, Paramount Gold Nevada Corp.’s quick ratio was 0.10, while its current ratio was 0.10, indicating its inability to pay off its debt. Based on annual data, it had gross profit of $7.89 million and revenue of $0.33 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PZG’s return on assets (ROA) during the last 12 months has been -12.50%. There was a -14.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -15.30%.

Earnings Surprise

According to Paramount Gold Nevada Corp.’s quarterly financial report for the quarter that ended December 30. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Paramount Gold Nevada Corp.’s quarterly earnings would be -$0.03, but it ended up being -$0.02. EBITDA was -$1.51 million for the quarter. At the end of Paramount Gold Nevada Corp.’s most recent quarter ended December 30, its liabilities totaled 10.96 million, while its total debt was $5.3 million. Equity owned by shareholders amounts to $49.92 million.

Technical Picture

Here’s a quick look at Paramount Gold Nevada Corp.’s (PZG) price momentum from a technical perspective. As of 06 June, the RSI 9-day stood at 45.43%, suggesting the stock is Neutral, with a 39.87% historical volatility rate.

The stochastic %K and %D were 39.32% and 23.17% respectively, while the average true range (ATR) was 0.0234. Based on the 14-day stochastic reading of 66.67%, the RSI (14) reading is 42.59%. On the 9-day MACD Oscillator, the stock is at 0.0018.

Analyst Ratings

In its analyst report released on January 04, 2017, ROTH Capital began covering Paramount Gold Nevada Corp. (AMEX: PZG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Paramount Gold Nevada Corp. (PZG) an Buy rating. PZG is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

What is PZG’s price target for the next 12 months?

The current consensus forecast for the stock is between $1.75 and $1.75, with a median target price of $1.75. In analyzing these forecasts, the average price target given by analysts for Paramount Gold Nevada Corp. (PZG) is $1.75.

gold