Is Paramount Gold Stock a Good Investment?
Paramount Gold Investment Advice | PZG |
- Examine Paramount Gold's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Paramount Gold's leadership team and their track record. Good management can help Paramount Gold navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Precious Metals & Minerals space and any emerging trends that could impact Paramount Gold's business and its evolving consumer preferences.
- Compare Paramount Gold's performance and market position to its competitors. Analyze how Paramount Gold is positioned in terms of product offerings, innovation, and market share.
- Check if Paramount Gold pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Paramount Gold's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Paramount Gold Nevada stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Paramount Gold Nevada is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Abnormally volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Above Average | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Paramount Gold Stock
Researching Paramount Gold's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 21.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.65. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Paramount Gold Nevada recorded a loss per share of 0.11. The entity had not issued any dividends in recent years. The firm had 2:1 split on the July 25, 2005.
To determine if Paramount Gold is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Paramount Gold's research are outlined below:
| Paramount Gold has some characteristics of a very speculative penny stock | |
| Paramount Gold had very high historical volatility over the last 90 days | |
| Paramount Gold has high likelihood to experience some financial distress in the next 2 years | |
| Reported Net Loss for the year was (8.06 M) with loss before taxes, overhead, and interest of (647.5 K). | |
| Paramount Gold Nevada has about 824.92 K in cash with (5.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Paramount Gold has a frail financial position based on the latest SEC disclosures | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from techcrunch.com: These tech companies are donating to LA wildfire relief efforts |
Paramount Gold Quarterly Liabilities And Stockholders Equity |
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Paramount Gold uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Paramount Gold Nevada. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Paramount Gold's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 9th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Paramount Gold's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Paramount Gold's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-02-13 | 2023-12-31 | -0.02 | -0.03 | -0.01 | 50 | ||
2023-09-26 | 2023-06-30 | -0.02 | -0.03 | -0.01 | 50 | ||
2023-02-10 | 2022-12-31 | -0.02 | -0.03 | -0.01 | 50 | ||
2022-09-19 | 2022-06-30 | -0.04 | -0.03 | 0.01 | 25 | ||
2022-05-10 | 2022-03-31 | -0.04 | -0.03 | 0.01 | 25 | ||
2021-11-09 | 2021-09-30 | -0.04 | -0.05 | -0.01 | 25 | ||
2021-02-05 | 2020-12-31 | -0.04 | -0.05 | -0.01 | 25 | ||
2019-02-07 | 2018-12-31 | -0.05 | -0.06 | -0.01 | 20 |
Paramount Gold's market capitalization trends
The company currently falls under 'Micro-Cap' category with a total capitalization of 23.92 M.Market Cap |
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Paramount Gold's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.13) | (0.14) | |
| Return On Capital Employed | (0.09) | (0.09) | |
| Return On Assets | (0.13) | (0.14) | |
| Return On Equity | (0.19) | (0.20) |
Determining Paramount Gold's profitability involves analyzing its financial statements and using various financial metrics to determine if Paramount Gold is a good buy. For example, gross profit margin measures Paramount Gold's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Paramount Gold's profitability and make more informed investment decisions.
Evaluate Paramount Gold's management efficiency
Paramount Gold Nevada has Return on Asset of (0.0959) % which means that on every $100 spent on assets, it lost $0.0959. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.1989) %, meaning that it generated no profit with money invested by stockholders. Paramount Gold's management efficiency ratios could be used to measure how well Paramount Gold manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.14. The current Return On Capital Employed is estimated to decrease to -0.09. At this time, Paramount Gold's Other Current Assets are most likely to increase significantly in the upcoming years. The Paramount Gold's current Debt To Assets is estimated to increase to 0.23, while Total Assets are projected to decrease to roughly 45.3 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.73 | 0.70 | |
| Tangible Book Value Per Share | 0.73 | 0.70 | |
| Enterprise Value Over EBITDA | (9.58) | (10.06) | |
| Price Book Value Ratio | 0.61 | 0.43 | |
| Enterprise Value Multiple | (9.58) | (10.06) | |
| Price Fair Value | 0.61 | 0.43 | |
| Enterprise Value | 18.3 M | 17.6 M |
Evaluating the management effectiveness of Paramount Gold allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Paramount Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.
Beta 1.89 |
Basic technical analysis of Paramount Stock
As of the 18th of January 2025, Paramount Gold holds the Coefficient Of Variation of (2,609), variance of 16.1, and Risk Adjusted Performance of (0.02). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Paramount Gold, as well as the relationship between them. Please check Paramount Gold Nevada risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Paramount Gold Nevada is priced some-what accurately, providing market reflects its current price of 0.4 per share. As Paramount Gold Nevada is a penny stock we also suggest to check out its jensen alpha numbers.Paramount Gold's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Paramount Gold insiders, such as employees or executives, is commonly permitted as long as it does not rely on Paramount Gold's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Paramount Gold insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Fcmi Parent Co over a year ago Purchase by Fcmi Parent Co of 4300000 shares of Paramount Gold | ||
Rachel Goldman over a year ago Acquisition by Rachel Goldman of 50000 shares of Paramount Gold subject to Rule 16b-3 |
Paramount Gold's Outstanding Corporate Bonds
Paramount Gold issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Paramount Gold Nevada uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Paramount bonds can be classified according to their maturity, which is the date when Paramount Gold Nevada has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| International Game Technology Corp BondUS460599AD57 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Paramount Gold's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Paramount Gold's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.4582 | |||
| Mean Deviation | 3.18 | |||
| Coefficient Of Variation | (2,609) | |||
| Standard Deviation | 4.01 | |||
| Variance | 16.1 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.4482 | |||
| Maximum Drawdown | 19.44 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 7.32 | |||
| Skewness | 0.0224 | |||
| Kurtosis | (0.1) |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.4582 | |||
| Mean Deviation | 3.18 | |||
| Coefficient Of Variation | (2,609) | |||
| Standard Deviation | 4.01 | |||
| Variance | 16.1 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.4482 | |||
| Maximum Drawdown | 19.44 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 7.32 | |||
| Skewness | 0.0224 | |||
| Kurtosis | (0.1) |
Consider Paramount Gold's intraday indicators
Paramount Gold intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Paramount Gold stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 29629.71 | |||
| Daily Balance Of Power | 0.6667 | |||
| Rate Of Daily Change | 1.11 | |||
| Day Median Price | 0.39 | |||
| Day Typical Price | 0.39 | |||
| Price Action Indicator | 0.03 | |||
| Period Momentum Indicator | 0.04 |
Paramount Stock media impact
Far too much social signal, news, headlines, and media speculation about Paramount Gold that are available to investors today. That information is available publicly through Paramount media outlets and privately through word of mouth or via Paramount internal channels. However, regardless of the origin, that massive amount of Paramount data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Paramount Gold news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Paramount Gold relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Paramount Gold's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Paramount Gold alpha.
Paramount Gold Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Paramount Gold can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Paramount Gold Corporate Directors
| Christopher Reynolds | Independent Director | Profile | |
| John Carden | Independent Director | Profile | |
| Pierre Pelletier | Independent Director | Profile | |
| Eliseo GonzalezUrien | Independent Director | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paramount Gold Nevada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Precious Metals & Minerals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paramount Gold. If investors know Paramount will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paramount Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.11) | Revenue Per Share | Quarterly Revenue Growth (0.55) | Return On Assets | Return On Equity |
The market value of Paramount Gold Nevada is measured differently than its book value, which is the value of Paramount that is recorded on the company's balance sheet. Investors also form their own opinion of Paramount Gold's value that differs from its market value or its book value, called intrinsic value, which is Paramount Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paramount Gold's market value can be influenced by many factors that don't directly affect Paramount Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Paramount Gold's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Paramount Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paramount Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.