Paramount Gold price target lowered to $1.20 from $1.75 at Alliance Global

Alliance Global Partners analyst Jake Sekelsky lowered the firm’s price target on Paramount Gold Nevada to $1.20 from $1.75 and keeps a Buy rating on the shares. Although the permitting process at Grassy has taken longer than originally envisioned, substantial progress has been made over the last two quarters, and Paramount has a clear path to receiving final permits at the project over the next year, the analyst tells investors in a research note.