Insider Selling: Shawn Michael Thomas Kennedy Unloads 10,000 Shares of Paramount Gold & Silver Corp. Stock (PZG)
Paramount Gold & Silver Corp. (NYSE:PZG) Director Shawn Michael Thomas Kennedy unloaded 10,000 shares of Paramount Gold & Silver Corp. stock on the open market in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $1.11, for a total value of $11,100.00. Following the completion of 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 SEC, which can be accessed through this link.
Paramount Gold & Silver Corp. (NYSE:PZG) traded up 0.95% during mid-day trading on Tuesday, hitting $1.06. The stock had a trading volume of 82,215 shares. Paramount Gold & Silver Corp. has a one year low of $0.78 and a one year 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 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.
A number of research firms have recently commented on PZG. 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 and Silver Corp. (NYSE:PZG) is an exploration stage mining company with projects in northern Nevada and Chihuahua, Mexico.
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