After grabbing 92024.0 shares, the institutional investor is now in possession of 92024.0 shares of the Basic Materials Company. The new investment brought the stake of investor firm to 0.20% having worth around $31748.0.
Paramount Gold Nevada Corp. (PZG) concluded trading on 01/19/23 at a closing price of $0.40, with 0.18 million shares of worth about $71149.2 changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.80% during that period and on Thursday the price saw a gain of about 6.61%. Currently the company’s common shares owned by public are about 46.93M shares, out of which, 38.65M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the PZG stock and their offered price forecasts bring an average price target of $1.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.75 and could fall to a lowest price of $1.75. The stock’s current price level is 73.33% above of average price target set by the analysts, while a rise to estimated low would result in gain of 77.14% for the stock. However, touching the estimated high of $1.75 would mean a gain of 77.14% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 8 times over the past 12 months. They bought 215,000 shares in 8 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and OCM Gold Fund are the top 3 mutual funds which are holding stakes in Paramount Gold Nevada Corp. Vanguard Total Stock Market Index is currently holding 1.22 million shares of worth totaling $0.42 million. The company recently came buying 0.0 shares which brought its stake up to 2.61% of the company’s outstanding shares. OCM Gold Fund, after buying 0.26 million shares, have now control over 0.55% of the stake in the company. It holds 0.0 shares of worth $88991.0.
Paramount Gold Nevada Corp. (AMEX: PZG) started trading at $0.36, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.4100, or with a gain of 6.61%. Stock saw a price change of 2.52% in past 5 days and over the past one month there was a price change of 7.07%. Year-to-date (YTD), PZG shares are showing a performance of 14.52% which decreased to -42.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.28 but also hit the highest price of $1.10 during that period. The average intraday trading volume for Paramount Gold Nevada Corp. shares is 111.77K. The stock is currently trading 3.70% above its 20-day simple moving average (SMA20), while that difference is up 7.54% for SMA50 and it goes to -7.44% lower than SMA200.
Sprott Asset Management LP acquired 92024.0 shares of Paramount Gold Nevada Corp. having value of about $31748.0. Paramount Gold Nevada Corp. (AMEX: PZG) currently have 46.93M outstanding shares and institutions hold larger chunk of about 7.50% of that. Holding of mutual funds in the company is about 29.52% while other institutional holders and individual stake holders have control over 4.97% and 2.40% of the stake respectively.
The stock has a current market capitalization of $17.93M and its 3Y-monthly beta is at 1.64. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 0.40 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PZG, volatility over the week remained 9.58% while standing at 9.35% over the month.
Analysts are in expectations that Paramount Gold Nevada Corp. (PZG) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is -$0.09 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -11.40% while it is estimated to decrease by -12.50% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Paramount Gold Nevada Corp. (PZG)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on January 04, 2017 offering a Buy rating for the stock and assigned a target price of $2.30 to it. Coverage by H.C. Wainwright stated Paramount Gold Nevada Corp. (PZG) stock as a Buy in their note to investors on April 27, 2015, suggesting a price target of $3.70 for the stock. On August 01, 2014, Noble Financial Initiated their recommendations, while on April 09, 2014, H.C. Wainwright Initiated their ratings for the stock with a price target of $2.30. Stock get an Outperform rating from Cowen on September 20, 2013.
