Paramount Gold price target raised to $1.70 from $1.40 at Alliance Global

Alliance Global Partners analyst Jake Sekelsky raised the firm’s price target on Paramount Gold Nevada (PZG) to $1.70 from $1.40 and keeps a Buy rating on the shares. The firm views the company’s update to the Grassy Mountain permitting timeline as a major near-term catalyst for the shares. It cites the acceleration of the permitting milestone for the target increase.