Paramount Resources Given New $43.00 Price Target at Barclays (PZG)
Equities researchers at Barclays hoisted their price objective on shares of Paramount Resources (NYSEAMEX:PZG) from $39.00 to $43.00 in a research report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock.
PZG has been the subject of a number of other recent research reports. Analysts at CIBC raised their price target on shares of Paramount Resources to $52.00 in a research note to investors on Thursday, October 17th. They now have a “sector outperform” rating on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Paramount Resources in a research note to investors on Friday, September 27th. They now have a $38.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Paramount Resources 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Paramount Resources has a consensus rating of “Buy” and a consensus price target of $37.39.
Paramount Resources (NYSEAMEX:PZG) traded up 8.80% during mid-day trading on Tuesday, hitting $1.36. 1,244,678 shares of the company’s stock traded hands. Paramount Resources has a 52-week low of $1.04 and a 52-week high of $2.82. The stock has a 50-day moving average of $1.44 and a 200-day moving average of $1.56. The company’s market cap is $211.8 million.
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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