Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Update

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 362,223 shares, a decrease of 13.5% from the December 31st total of 418,816 shares. Based on an average daily trading volume, of 997,513 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 997,513 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Paramount Gold Nevada

Several hedge funds have recently modified their holdings of the business. Captrust Financial Advisors acquired a new stake in Paramount Gold Nevada in the second quarter valued at $77,000. Tidal Investments LLC grew its stake in shares of Paramount Gold Nevada by 11.3% during the 2nd quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 101,180 shares during the period. Geode Capital Management LLC increased its holdings in shares of Paramount Gold Nevada by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 34,614 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Paramount Gold Nevada by 531.1% in the second quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 56,463 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Paramount Gold Nevada in the fourth quarter valued at about $27,000. 4.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PZG shares. Industrial Alliance Securities set a $3.25 price target on shares of Paramount Gold Nevada in a research report on Monday. Alliance Global Partners restated a “buy” rating on shares of Paramount Gold Nevada in a research note on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $3.25.

Paramount Gold Nevada Stock Performance

PZG traded up $0.27 during trading on Tuesday, hitting $2.03. The stock had a trading volume of 1,484,720 shares, compared to its average volume of 2,304,561. The firm has a market capitalization of $158.68 million, a P/E ratio of -12.12 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.32 and a current ratio of 1.32. Paramount Gold Nevada has a twelve month low of $0.32 and a twelve month high of $2.47. The company’s 50-day moving average price is $1.30 and its 200 day moving average price is $1.10.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last released its earnings results on Friday, November 14th. The basic materials company reported $0.06 EPS for the quarter.

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.