Sei Investments Co. Purchases Shares of 400,502 Paramount Gold Nevada Corp. $PZG

Sei Investments Co. acquired a new stake in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZGFree Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 400,502 shares of the basic materials company’s stock, valued at approximately $665,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kovack Advisors Inc. purchased a new position in shares of Paramount Gold Nevada in the 4th quarter worth $35,000. Osaic Holdings Inc. grew its position 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 valued at $41,000 after acquiring an additional 56,463 shares during the period. Captrust Financial Advisors purchased a new stake in Paramount Gold Nevada during the second quarter valued at about $77,000. Trifecta Capital Advisors LLC acquired a new stake in Paramount Gold Nevada during the first quarter worth about $79,000. Finally, Bridgeway Capital Management LLC acquired a new stake in Paramount Gold Nevada during the fourth quarter worth about $94,000. 4.51% of the stock is currently owned by institutional investors and hedge funds.

Paramount Gold Nevada Price Performance

PZG opened at $1.54 on Friday. Paramount Gold Nevada Corp. has a 52-week low of $0.68 and a 52-week high of $2.71. The company has a 50 day moving average of $1.21 and a two-hundred day moving average of $1.59. The company has a market cap of $132.10 million, a P/E ratio of -7.00 and a beta of 1.23. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.57.

Analysts Set New Price Targets

Separately, Alliance Global Partners restated a “buy” rating on shares of Paramount Gold Nevada in a report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $3.25.

View Our Latest Stock Report on Paramount Gold Nevada

Paramount Gold Nevada Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PZG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paramount Gold Nevada Corp. (NYSEAMERICAN:PZGFree Report).

Institutional Ownership by Quarter for Paramount Gold Nevada (NYSEAMERICAN:PZG)

Receive News & Ratings for Paramount Gold Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Gold Nevada and related companies with MarketBeat.com's FREE daily email newsletter.