Paramount Resources Stock Rating Reaffirmed by RBC Capital (PZG)
Paramount Resources (NYSEAMEX:PZG)‘s stock had its “sector perform” rating restated by investment analysts at RBC Capital in a note issued to investors on Friday, StockRatingsNetwork.com reports. They currently have a $38.00 price target on the stock.
Shares of Paramount Resources (NYSEAMEX:PZG) traded up 0.80% on Friday, hitting $1.26. The stock had a trading volume of 278,695 shares. Paramount Resources has a 1-year low of $1.04 and a 1-year high of $2.71. The stock has a 50-day moving average of $1.44 and a 200-day moving average of $1.52. The company’s market cap is $196.2 million.
A number of other firms have also recently commented on PZG. Analysts at Cowen and Company raised their price target on shares of Paramount Resources (NYSEAMEX:PZG) from $1.30 to $1.72 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Analysts at Canaccord Genuity cut their price target on shares of Paramount Resources (NYSEAMEX:PZG) from $44.00 to $43.00 in a research note to investors on Monday, July 22nd. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.29.
Paramount Gold and Silver Corp. (NYSEAMEX:PZG) is an exploration stage mining company with projects in northern Nevada and Chihuahua, Mexico.
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