Zacks: Paramount Gold Nevada Corp. (NASDAQ:PZG) Given $4.00 Average Price Target by Brokerages

Paramount Gold Nevada Corp. (NASDAQ:PZG) has been given 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 investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus target price of $4.00 for the company, according to Zacks. Zacks has also assigned Paramount Gold Nevada an industry rank of 195 out of 256 based on the ratings given to related companies.

Shares of NASDAQ:PZG traded up $0.01 on Monday, hitting $0.96. 53,712 shares of the company were exchanged, compared to its average volume of 27,165. Paramount Gold Nevada has a 1-year low of $0.70 and a 1-year high of $1.24. The stock has a 50 day moving average price of $0.88.

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

About Paramount Gold Nevada

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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