Sei Investments Co. acquired a new stake in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Free 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
View Our Latest Stock Report on Paramount Gold Nevada
Paramount Gold Nevada Profile
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.
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