Zacks: Paramount Gold Nevada Corp. (NASDAQ:PZG) Receives Average Rating of “Strong Buy” from Brokerages

Paramount Gold Nevada Corp. (NASDAQ:PZG) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price target of $4.00 for the company, according to Zacks. Zacks has also assigned Paramount Gold Nevada an industry rank of 210 out of 256 based on the ratings given to its competitors.

NASDAQ:PZG traded down $0.01 during trading hours on Friday, reaching $0.98. 73,900 shares of the company traded hands, compared to its average volume of 25,054. The firm has a 50-day moving average price of $0.81. Paramount Gold Nevada has a 1 year low of $0.70 and a 1 year high of $1.24.

Paramount Gold Nevada (NASDAQ:PZG) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. The company had revenue of $0.21 million for the quarter.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada Corp., together with its subsidiaries, acquires, explores for, and develops precious metal properties in the United States. The company primarily explores for gold and silver. Its principal project is the Sleeper gold project comprising 2,322 unpatented mining claims totaling approximately 38,300 acres located in Humbolt County, Nevada.

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