Paramount Gold Nevada Corp (AMEX: PZG)’s stock price has gone decline by -6.22 in comparison to its previous close of 0.44, however, the company has experienced a -7.70% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-05-21 that Two key agencies involved in the permitting of the Grassy minehave signed a MOU that confirms the Company will not have to post two reclamation bonds.
Is It Worth Investing in Paramount Gold Nevada Corp (AMEX: PZG) Right Now?
The 36-month beta value for PZG is at 1.89. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PZG is 46.18M, and currently, shorts hold a 0.46% of that float. The average trading volume for PZG on September 19, 2024 was 91.28K shares.
PZG’s Market Performance
The stock of Paramount Gold Nevada Corp (PZG) has seen a -7.70% decrease in the past week, with a -5.76% drop in the past month, and a -0.87% fall in the past quarter. The volatility ratio for the week is 5.30%, and the volatility levels for the past 30 days are at 3.67% for PZG. The simple moving average for the past 20 days is -5.08% for PZG’s stock, with a -1.32% simple moving average for the past 200 days.
Analysts’ Opinion of PZG
Many brokerage firms have already submitted their reports for PZG stocks, with ROTH Capital repeating the rating for PZG by listing it as a “Buy.” The predicted price for PZG in the upcoming period, according to ROTH Capital is $2.30 based on the research report published on January 04, 2017 of the previous year 2017.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see PZG reach a price target of $3.70. The rating they have provided for PZG stocks is “Buy” according to the report published on April 27th, 2015.
Noble Financial gave a rating of “Buy” to PZG, setting the target price at $1.75 in the report published on August 01st of the previous year.
PZG Trading at -6.01% from the 50-Day Moving Average
After a stumble in the market that brought PZG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.74% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 5.30%, as shares sank -6.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.49% lower at present.
During the last 5 trading sessions, PZG fell by -7.70%, which changed the moving average for the period of 200-days by +3.52% in comparison to the 20-day moving average, which settled at $0.4293. In addition, Paramount Gold Nevada Corp saw 9.04% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PZG
The total capital return value is set at -0.12. Equity return is now at value -17.04, with -12.33 for asset returns.
Based on Paramount Gold Nevada Corp (PZG), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -0.44. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -7.66.
Currently, EBITDA for the company is -6.02 million with net debt to EBITDA at -0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.
Conclusion
In conclusion, Paramount Gold Nevada Corp (PZG) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
