Paramount Gold & Silver Corp. Director Unloads $11,100 in Stock (PZG)
Paramount Gold & Silver Corp. (NYSE:PZG) Director Shawn Michael Thomas Kennedy sold 10,000 shares of the stock on the open market in a transaction dated Thursday, June 19th. The shares were sold at an average price of $1.11, for a total transaction of $11,100.00. Following the sale, the director now directly owns 299,735 shares of the company’s stock, valued at approximately $332,706. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on PZG shares. 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.
Paramount Gold & Silver Corp. (NYSE:PZG) traded down 0.93% during mid-day trading on Monday, hitting $1.06. The stock had a trading volume of 595,735 shares. Paramount Gold & Silver Corp. has a 52-week low of $0.78 and a 52-week high of $1.72. The stock’s 50-day moving average is $0.96 and its 200-day moving average is $1.11. The company’s market cap is $167.2 million.
Paramount Gold & Silver Corp. (NYSE:PZG) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.02. On average, analysts predict that Paramount Gold & Silver Corp. will post $-0.07 earnings per share 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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