Paramount Gold Nevada (PZG) AI Stock Analysis

• Market Cap: $141.05M
• Dividend Yield: N/A
• Average Volume (3M): 591.29K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.04
• 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: 78,358,430
• 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: 0.92
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -269.11
• Enterprise Value/Ebitda: -112.05
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $1.50 ▲(8.70% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn despite balance-sheet support). Technicals are a partial offset given the strong uptrend, though overbought readings increase pullback risk. Valuation remains challenged due to negative earnings and no dividend, while the recent corporate event is positive but not a major fundamental catalyst.

Positive Factors

Balance Sheet Cushion

A tangible equity base and absence of reported TTM debt provide durable financial flexibility for an exploration company, lowering immediate insolvency risk and supporting ongoing permitting and technical work. This buffer extends the runway for project advancement absent near-term revenues.

Permitting Progress — Grassy Mountain

Issuance of a final EIS/ROD is a structural de‑risking milestone that materially improves the project’s path toward development and potential value realization. A federal permitting outcome reduces regulatory uncertainty and can unlock longer-term investment and project financing options.

Ability to Raise Capital

Active equity offerings and prior successful share sales indicate management can access public capital markets to fund exploration and permitting. For a pre‑production miner, ongoing financing capacity is a structural positive that supports continuity of operations and project timelines.

Negative Factors

No Revenue Model

The company lacks operating revenue, relying on financing and asset monetization rather than commodity sales. This structural absence of revenue keeps profitability distant, increases dependence on external funding, and elevates long‑term execution and funding risk.

Sustained Cash Burn

Persistent negative operating and free cash flow signals structural cash depletion from exploration and G&A without offsetting inflows. Continued burn pressures liquidity, forces recurring capital raises, and can dilute shareholders or delay projects if financing terms tighten.

Eroding Equity Base

Declining stockholders’ equity over multiple years reflects cumulative losses and financings, reducing the margin of safety on the balance sheet. Over time this erosion constrains capacity to absorb setbacks, raises future funding needs, and makes the company more reliant on external capital.

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

Income statement and cash flow are very weak (no revenue, recurring net losses, and persistently negative operating/free cash flow with worsening free cash flow in TTM). The balance sheet provides some support (meaningful equity base and no TTM debt), but equity has trended down over multiple years, elevating funding risk.

Income Statement

Performance remains weak: the company reports zero revenue across the annual periods shown and continues to post sizable losses. Net losses have persisted (annual net income ranging from about -$5.9M to -$9.1M), and TTM (Trailing-Twelve-Months) net income is still negative (-$3.2M), indicating the business has not yet reached an operating scale that supports profitability. A relative positive is that the TTM loss is smaller than recent annual losses, but the absence of revenue keeps the earnings profile highly challenged.

Balance Sheet

The balance sheet is a relative bright spot with a meaningful equity base ($31.5M stockholders’ equity in TTM (Trailing-Twelve-Months)) and no debt reported in TTM (Trailing-Twelve-Months). However, prior annual periods show moderate leverage (debt-to-equity roughly 0.14x–0.35x) and equity has trended down from ~$47.4M (2021) to ~$33.6M (2025 annual), consistent with ongoing losses and cash burn. Overall financial flexibility is decent, but continued losses could further erode equity over time.

Cash Flow

Cash generation is weak: operating cash flow is consistently negative (around -$5.3M to -$6.7M annually; -$6.2M in TTM (Trailing-Twelve-Months)), with free cash flow also negative (TTM (Trailing-Twelve-Months) about -$6.3M). Free cash flow deterioration is notable in TTM (Trailing-Twelve-Months) (growth of -1.469), signaling accelerating cash burn versus the prior comparison period. While free cash flow is roughly in line with net loss (suggesting losses are not heavily inflated by non-cash items), the sustained outflows increase funding risk without a clear revenue ramp.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-482.43K	-429.04K	-3.05M	-632.48K	-185.86K	-62.55K
EBITDA	-1.16M	-6.91M	-3.81M	-5.58M	-6.97M	-5.40M
Net Income	-3.15M	-9.05M	-8.06M	-6.45M	-7.84M	-5.90M
Balance Sheet
Total Assets	54.81M	52.40M	56.36M	54.31M	56.01M	54.00M
Cash, Cash Equivalents and Short-Term Investments	4.17M	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	23.27M	18.83M	18.21M	11.47M	9.61M	6.65M
Stockholders Equity	31.55M	33.57M	38.16M	42.84M	46.40M	47.35M
Cash Flow
Free Cash Flow	-6.33M	-6.43M	-5.51M	-5.33M	-6.75M	-6.04M
Operating Cash Flow	-6.18M	-6.27M	-5.41M	-5.25M	-6.70M	-5.96M
Investing Cash Flow	-153.46K	-161.48K	-100.00K	-126.70K	-47.72K	-87.50K
Financing Cash Flow	6.21M	2.36M	10.11M	3.72M	6.12M	3.72M

Paramount Gold Nevada Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 1.38 is below the 20-day moving average (MA) of 1.42, above the 50-day MA of 1.28, and above the 200-day MA of 0.91, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 70.02 is Negative, neither overbought nor oversold. The STOCH value of 78.61 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
CTGO	64 Neutral	$511.23M	-167.12	-10.05%	―	―	97.09%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GORO	53 Neutral	$254.12M	-4.19	-92.98%	―	-15.35%	30.92%
PZG	49 Neutral	$141.05M	-10.43	-34.40%	―	―	-35.79%

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.

Paramount Gold Nevada Files Prospectus for Stock Sale

On November 20, 2025, Paramount Gold Nevada Corp. filed a prospectus supplement for the sale of its common stock, aiming to raise up to $14.9 million. This move, under a sales agreement with Cantor Fitzgerald & Co. and A.G.P./Alliance Global Partners, builds on prior offerings and indicates the company’s ongoing efforts to secure capital, having already sold $5.9 million worth of shares.

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.