Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Sees Large Drop in Short Interest
by Amy Steele · The Cerbat GemParamount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Free Report) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 362,223 shares, a drop of 13.5% from the December 31st total of 418,816 shares. Based on an average daily trading volume, of 997,513 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 997,513 shares, the days-to-cover ratio is currently 0.4 days.
Paramount Gold Nevada Stock Up 15.1%
Paramount Gold Nevada stock traded up $0.27 during midday trading on Tuesday, reaching $2.03. The company’s stock had a trading volume of 1,484,720 shares, compared to its average volume of 2,304,561. The stock’s 50-day simple moving average is $1.30 and its 200-day simple moving average is $1.10. The stock has a market capitalization of $158.68 million, a P/E ratio of -12.12 and a beta of 1.30. Paramount Gold Nevada has a 52-week low of $0.32 and a 52-week high of $2.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.32 and a quick ratio of 1.32.
Paramount Gold Nevada (NYSEAMERICAN:PZG – Get Free Report) last announced its quarterly earnings data on Friday, November 14th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter.
Analyst Ratings Changes
A number of brokerages recently weighed in on PZG. Alliance Global Partners restated a “buy” rating on shares of Paramount Gold Nevada in a research report on Monday. Industrial Alliance Securities set a $3.25 price objective on Paramount Gold Nevada in a research note on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $3.25.
View Our Latest Research Report on Paramount Gold Nevada
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. acquired a new stake in Paramount Gold Nevada in the fourth quarter valued at $27,000. Geode Capital Management LLC raised its position in shares of Paramount Gold Nevada by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock worth $373,000 after acquiring an additional 34,614 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Paramount Gold Nevada by 531.1% during the second quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 56,463 shares during the last quarter. Tidal Investments LLC boosted its holdings in Paramount Gold Nevada by 11.3% in the second quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock valued at $611,000 after purchasing an additional 101,180 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in Paramount Gold Nevada in the second quarter valued at approximately $77,000. 4.51% of the stock is owned by hedge funds and other institutional investors.
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.