Paramount Gold Nevada Corp (PZG) Shares on the Rise: Short-term Analysis

Paramount Gold Nevada Corp [PZG] stock is trading at $0.62, up 5.76%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PZG shares have gain 8.75% over the last week, with a monthly amount glided 39.85%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Paramount Gold Nevada Corp [AMEX: PZG] stock has seen the most recent analyst activity on January 04, 2017, when ROTH Capital initiated its Buy rating and assigned the stock a price target of $2.30. Previously, H.C. Wainwright started tracking the stock with Buy rating on April 27, 2015, and set its price target to $3.70. On August 01, 2014, Noble Financial initiated with a Buy rating and assigned a price target of $1.75 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $2.30 on April 09, 2014. Cowen reiterated its recommendation of a Outperform and raised its price target to $1.72 on September 20, 2013.

Paramount Gold Nevada Corp [PZG] stock has fluctuated between $0.31 and $0.64 over the past year. Currently, Wall Street analysts expect the stock to reach $1.2 within the next 12 months. Paramount Gold Nevada Corp [AMEX: PZG] shares were valued at $0.62 at the most recent close of the market. An investor can expect a potential return of 93.55% based on the average PZG price forecast.

Analyzing the PZG fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.1 and Total Capital is -0.09.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6000 points at the first support level, and at 0.5760 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6480, and for the 2nd resistance point, it is at 0.6720.