Sei Investments Co. Buys New Position in Paramount Gold Nevada Corp. $PZG

Sei Investments Co. purchased a new position in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 400,502 shares of the basic materials company’s stock, valued at approximately $665,000. Sei Investments Co. owned about 0.48% of Paramount Gold Nevada at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Paramount Gold Nevada by 29.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,132,631 shares of the basic materials company’s stock valued at $1,427,000 after buying an additional 256,431 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Paramount Gold Nevada by 11.3% during the second quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock valued at $611,000 after buying an additional 101,180 shares during the period. Geode Capital Management LLC boosted its position in Paramount Gold Nevada by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 636,319 shares of the basic materials company’s stock worth $802,000 after acquiring an additional 36,324 shares during the last quarter. State Street Corp boosted its position in Paramount Gold Nevada by 42.4% during the fourth quarter. State Street Corp now owns 282,289 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 84,100 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Paramount Gold Nevada in the 4th quarter worth approximately $207,000. 4.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners reiterated a “buy” rating on shares of Paramount Gold Nevada in a report on Monday, June 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $3.25.

Paramount Gold Nevada Stock Up 4.1%

Shares of NYSEAMERICAN:PZG opened at $1.54 on Friday. The stock’s 50-day moving average price is $1.21 and its two-hundred day moving average price is $1.59. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.57. Paramount Gold Nevada Corp. has a 12-month low of $0.68 and a 12-month high of $2.71. The firm has a market cap of $132.10 million, a price-to-earnings ratio of -7.00 and a beta of 1.23.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada is a publicly traded mineral exploration and development company focused on precious metal properties in Nevada. The company’s core business activities include the acquisition, exploration, evaluation and advancement of gold and silver prospects. Utilizing modern geological, geochemical and geophysical survey techniques, Paramount seeks to delineate high-grade mineral resources and position its assets for potential future production or strategic partnerships with established mining operators.

Paramount’s portfolio encompasses several key projects across Nevada’s prolific mineral belts, including the historic Sleeper gold mine in Humboldt County, the Scossa epithermal gold system in Pershing County and the San Miguel gold-silver district in Mineral County.