Paramount Gold & Silver Corp. Director Sells $26,700 in Stock (PZG)
Paramount Gold & Silver Corp. (NYSE:PZG) Director Shawn Michael Thomas Kennedy sold 30,000 shares of the stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $0.89, for a total transaction of $26,700.00. Following the sale, the director now directly owns 309,735 shares in the company, valued at approximately $275,664. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PZG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Paramount Gold & Silver Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 29th. They now have a $0.90 price target on the stock. Analysts at HC Wainwright initiated coverage on shares of Paramount Gold & Silver Corp. in a research note on Wednesday, April 9th. They set a “buy” rating and a $2.30 price target on the stock.
Shares of Paramount Gold & Silver Corp. (NYSE:PZG) opened at 0.9302 on Tuesday. Paramount Gold & Silver Corp. has a one year low of $0.78 and a one year high of $1.72. The stock has a 50-day moving average of $0.98 and a 200-day moving average of $1.12. The company’s market cap is $146.7 million.
Paramount Gold & Silver Corp. (NYSE:PZG) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.02. Analysts expect that Paramount Gold & Silver Corp. will post $-0.07 EPS for the current fiscal year.
Paramount Gold and Silver Corp. (NYSE:PZG) is an exploration stage mining company with projects in northern Nevada and Chihuahua, Mexico.
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