Paramount Gold and Silver Corp. (PZG) was a big mover last session, as the company saw its shares rise by nearly 30% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The sharp rise in the share price came on the back of Coeur Mining Inc. entering into a firm agreement yesterday to buy out all outstanding shares of Paramount Gold and Silver in a transaction valued at $146 million. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $0.64 to $0.82 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so investors are advised to keep a close watch on this firm in the near future.
Paramount Gold and Silver currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the industry is Alcoa Inc. (AA), carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so investors are advised to keep a close watch on this firm in the near future.
Paramount Gold and Silver currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the industry is Alcoa Inc. (AA), carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PARAMOUNT GOLD (PZG): Free Stock Analysis Report
ALCOA INC (AA): Free Stock Analysis Report
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