Paramount Gold Nevada (PZG) AI Stock Analysis

• Market Cap: $203.67M
• Dividend Yield: N/A
• Average Volume (3M): 591.29K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.09
• Revenue Growth: N/A
• EPS Growth: -35.79%
• Country: US
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 83,813,240
• 10 Day Avg. Volume: 979,515
• 30 Day Avg. Volume: 591,294
• PEG Ratio: 0.00
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.46
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -335.29
• Enterprise Value/Ebitda: -17.07
• 1Y Price Target: $3.25
• Price Target Upside: 33.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: $2.50 ▲(2.88% Upside)
• Action: Reiterated Date: 02/12/26
• Date: Action: Reiterated 02/12/26

The score is held back primarily by weak financial performance (no revenue, ongoing operating losses, and sustained negative free cash flow), despite a comparatively supportive equity base and no debt reported in TTM. Technicals are a key offset with strong upward price trend and positive MACD, though the elevated RSI suggests stretched momentum. Valuation is not supportive due to a negative P/E and no dividend yield data, while the recent corporate event is mildly positive but not fundamental to near-term execution.

Positive Factors

TTM shows no debt

Having no reported debt in the trailing twelve months materially reduces short-term solvency pressure and lowers mandatory interest burdens. This durable lower-leverage profile improves flexibility to fund exploration or development via equity or project financing without immediate debt servicing strain.

Meaningful equity cushion

A multi‑million dollar equity base provides a tangible capital cushion to support continued exploration and permitting activities over months. This equity foundation helps absorb operating losses and underpins credibility with investors and service providers while the company advances projects toward value‑creating milestones.

US-focused gold/silver development pipeline

Concentrating on US gold and silver assets gives structural advantages: clearer regulatory regimes, established infrastructure and access to domestic capital markets. As a development-stage miner, this geographic focus preserves long-term optionality to monetize resources or partner with operators as projects de‑risk.

Negative Factors

No reported revenue

Absent operating revenue, the company lacks internally generated cash to fund exploration or pursue development. This structural revenue gap forces recurring external financing and leaves the firm exposed to dilution and sponsor risk until it reaches commercial production or sells assets.

Persistent negative operating and free cash flow

Sustained negative operating and free cash flow erode liquidity and require continual capital raises. Over a 2–6 month horizon this raises the probability of further equity issuance or asset sales, increasing dilution risk and constraining the company’s ability to execute multi‑year exploration and permitting plans.

Negative returns and declining equity trend

Consistent negative ROE and shrinking equity indicate recurring losses and capital consumption. Structurally, this undermines investor confidence, makes future fundraising costlier, and signals that existing expenditures have yet to translate into value‑accretive project advancement.

Paramount Gold Nevada Business Overview & Revenue Model

Company Description

Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. The company primarily explores for gold and silver ores. It holds principal interest in the Sleeper gold project with 2,322 unpatented mining claims totaling approximately 38,300 acres located in Humbolt County, Nevada. The company also holds 100% interest in the Grassy Mountain gold project with 442 federal mining claims and 3 patented lode claims covering approximately 9,300 acres located in Malheur County, Oregon. Paramount Gold Nevada Corp. was founded in 1992 and is headquartered in Winnemucca, Nevada.

How the Company Makes Money

Paramount Gold Nevada makes money through the exploration, development, and eventual sale or joint venture of its mineral properties. The company's primary revenue streams include the sale of gold and silver ore, as well as potential royalties or profit-sharing agreements from the development of its mining projects. Paramount may also engage in strategic partnerships or joint ventures with larger mining companies to advance its projects towards production, thereby securing funding and sharing the financial risks associated with mining operations. Additionally, the company may raise capital through equity financing to support its exploration and development activities.

Paramount Gold Nevada Financial Statement Overview

Summary

Financials reflect an early-stage/pre-production profile with no reported revenue, persistent negative gross profit and operating losses, and consistently negative operating cash flow/free cash flow (including TTM). The balance sheet has a meaningful equity cushion and TTM shows no debt reported, but negative returns on equity and ongoing cash burn imply continued funding risk.

Income Statement

The company shows no reported revenue across the annual periods provided, consistent with a pre-production/early-stage profile. Profitability is weak: gross profit is negative in every period and operating results are deeply loss-making (EBIT losses persisting from 2021–2025). While TTM (Trailing-Twelve-Months) shows positive net income, it stands out against the multi-year pattern of net losses and appears non-operating in nature given ongoing negative operating earnings. Overall, earnings quality and operating momentum remain the key concerns.

Balance Sheet

The balance sheet is supported by a meaningful equity base (stockholders’ equity of ~$28.5M in TTM and ~$33.6M in the latest annual period), and leverage is moderate on an annual basis (debt-to-equity ~0.35 in 2025 vs ~0.09–0.30 in prior years). A clear positive is that TTM shows no debt reported. However, returns on equity are negative across the history (including TTM), reflecting ongoing value dilution from losses, and equity has trended down versus earlier years, signaling continued pressure from funding requirements.

Cash Flow

Cash generation remains a major weakness: operating cash flow and free cash flow are negative in every period shown, including TTM (operating cash flow about -$4.2M; free cash flow about -$4.3M). The latest growth trend is unfavorable, with TTM free cash flow down sharply versus the prior comparable period, indicating increasing cash burn. Although TTM net income is positive, cash flow remains negative, highlighting a gap between accounting profit and cash reality and implying continued reliance on external financing.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-624.34K	-429.04K	-3.05M	-632.48K	-185.86K	-62.55K
EBITDA	-12.26M	-6.91M	-3.81M	-5.58M	-6.97M	-5.40M
Net Income	-14.20M	-9.05M	-8.06M	-6.45M	-7.84M	-5.90M
Balance Sheet
Total Assets	53.86M	52.40M	56.36M	54.31M	56.01M	54.00M
Cash, Cash Equivalents and Short-Term Investments	3.54M	1.35M	5.42M	824.92K	2.48M	3.11M
Total Debt	0.00	11.63M	11.46M	5.85M	4.22M	4.16M
Total Liabilities	25.38M	18.83M	18.21M	11.47M	9.61M	6.65M
Stockholders Equity	28.48M	33.57M	38.16M	42.84M	46.40M	47.35M
Cash Flow
Free Cash Flow	-4.31M	-6.43M	-5.51M	-5.33M	-6.75M	-6.04M
Operating Cash Flow	-4.20M	-6.27M	-5.41M	-5.25M	-6.70M	-5.96M
Investing Cash Flow	-152.38K	-161.48K	-100.00K	-126.70K	-47.72K	-87.50K
Financing Cash Flow	6.97M	2.36M	10.11M	3.72M	6.12M	3.72M

Paramount Gold Nevada Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PZG, the sentiment is Positive. The current price of 2.43 is above the 20-day moving average (MA) of 2.33, above the 50-day MA of 1.80, and above the 200-day MA of 1.13, indicating a bullish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 57.07 is Neutral, neither overbought nor oversold. The STOCH value of 42.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PZG.

Paramount Gold Nevada Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CTGO	60 Neutral	$481.26M	―	-10.05%	―	―	97.09%
PZG	54 Neutral	$203.67M	-5.58	-34.40%	―	―	-35.79%
GORO	52 Neutral	$231.46M	-6.42	-92.98%	―	-15.35%	30.92%

Paramount Gold Nevada Corporate Events

Paramount Gold Nevada Approves Amendments at Annual Meeting

On December 11, 2025, Paramount Gold Nevada Corp. held its Annual Stockholders’ Meeting virtually, where stockholders approved amendments to the 2016 Stock Incentive and Equity Compensation Plan. The meeting also saw the election of seven directors, the ratification of Baker Tilly USA, LLP as the independent public accountants, and advisory votes on executive compensation and its frequency, reflecting strong shareholder engagement and support for the company’s strategic decisions.

The most recent analyst rating on (PZG) stock is a Buy with a $1.70 price target. To see the full list of analyst forecasts on Paramount Gold Nevada stock, see the PZG Stock Forecast page.