Analysts Set $3.15 Price Target for Paramount Gold Nevada Corp (PZG)

Shares of Paramount Gold Nevada Corp (NYSE:PZG) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus target price of $3.15 for the company, according to Zacks. Zacks has also assigned Paramount Gold Nevada Corp an industry rank of 110 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently weighed in on PZG. Roth Capital set a $2.00 price objective on shares of Paramount Gold Nevada Corp and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Paramount Gold Nevada Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.

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Paramount Gold Nevada Corp (PZG) remained flat at $1.53 on Friday. 49,870 shares of the company were exchanged. The stock has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.62. The company’s market cap is $27.20 million. Paramount Gold Nevada Corp has a 12-month low of $1.36 and a 12-month high of $2.30.

About Paramount Gold Nevada Corp

Paramount Gold Nevada Corp. is an exploration-stage mining company. The Company is engaged in the business of acquiring, exploring and developing precious metal projects in the United States. Its principal Nevada interest, the Sleeper Gold Project, is located in Humboldt County, Nevada. Its project located in Oregon, known as the Grassy Mountain Project, is situated in Malheur County, Oregon.

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