Parent Co. Fcmi Buys 380,000 Shares of Paramount Gold Nevada Corp (PZG) Stock

Paramount Gold Nevada Corp (NYSEAMERICAN:PZG) major shareholder Parent Co. Fcmi acquired 380,000 shares of the firm’s stock in a transaction dated Wednesday, July 11th. The stock was bought at an average cost of $1.25 per share, for a total transaction of $475,000.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NYSEAMERICAN:PZG traded down $0.03 during trading on Thursday, hitting $1.20. 158,480 shares of the company’s stock were exchanged, compared to its average volume of 48,895. Paramount Gold Nevada Corp has a 52-week low of $1.16 and a 52-week high of $1.80.

Several analysts recently issued reports on PZG shares. Zacks Investment Research upgraded Paramount Gold Nevada from a “hold” rating to a “buy” rating and set a $1.75 target price for the company in a research report on Thursday, May 10th. Roth Capital reiterated a “buy” rating on shares of Paramount Gold Nevada in a research report on Wednesday, April 4th.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada Corp., together with its subsidiaries, acquires, explores for, and develops precious metal properties in the United States. The company primarily explores for gold and silver. Its principal project is the Sleeper gold project comprising 2,322 unpatented mining claims totaling approximately 38,300 acres located in Humbolt County, Nevada.

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