Paramount Gold Nevada Corp (PZG) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Paramount Gold Nevada Corp (NYSE:PZG) from a strong sell rating to a hold rating in a research report released on Tuesday, July 25th.

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According to Zacks, “Paramount Gold and Silver Corp. engages in the acquisition, exploration, and development of gold, silver, and precious metal properties primarily in Mexico. The Company’s primary objective is to explore and develop the San Miguel project. The project is located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt. The company will also continue to explore additional opportunities through joint ventures and acquisitions. The Company’s exploratory activities are concentrated within the San Miguel Groupings. “

Separately, Roth Capital set a $2.00 price objective on shares of Paramount Gold Nevada Corp and gave the company a buy rating in a research note on Monday, May 22nd.

Paramount Gold Nevada Corp (NYSE:PZG) opened at 1.4599 on Tuesday. The stock’s market capitalization is $25.96 million. The firm’s 50-day moving average is $1.51 and its 200 day moving average is $1.65. Paramount Gold Nevada Corp has a 12-month low of $1.36 and a 12-month high of $2.38.

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Paramount Gold Nevada Corp Company Profile

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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