One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Paramount Gold Nevada Corp.
PZG · ASE · Basic Materials · Gold
Current price
$1.31
52-week range
$0.95 - $2.71
Market cap
$112.94M
Balance sheet
Distressed
-4.92x Concerning
Net debt $1.87M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. is an exploration company that searches for gold and silver deposits in the United States. It doesn't make money by selling metal yet; instead, its primary focus is on developing a large piece of land it owns in Oregon that it believes contains a lot of gold. The company's future success depends on if it can prove there's enough gold there to justify the high cost of building and operating a mine.
How the company got here
Paramount Gold Nevada was formed after a company called Coeur Mining bought its predecessor, Paramount Gold and Silver Corp., in 2015. Instead of operating as a large mining company, Paramount focuses on acquiring and preparing potential gold and silver mines in the United States. The company's team has experience in taking early-stage projects and doing the necessary work, like estimating how much metal is in the ground and conducting economic studies, to prove their value. This strategy involves getting properties ready for mining, which could then be sold to a larger company or developed in partnership.
What it actually does
Paramount Gold Nevada is not currently mining and selling gold, so it doesn't have any revenue (money earned from sales) from operations. Instead, its main business is to find and prepare pieces of land that have gold and silver deposits, making them attractive for future mining. Think of them as a company that finds a valuable, undeveloped piece of real estate, gets all the necessary permits and plans ready to build, and then might sell it to a large construction company. Their work involves exploring the land, figuring out how much precious metal exists, and getting the required government approvals to one day build a mine.
Grassy Mountain Project
This is the company's main and most advanced project, located in Oregon. Paramount owns 100% of this planned underground gold and silver mine, which is in the final stages of receiving state permits after getting federal government approval. The plan is for a high-grade mine, meaning the rock contains a higher amount of gold, with a relatively small impact on the surface. The company has completed a Feasibility Study (a detailed calculation of expected costs and profits), which suggests the project could be very profitable.
Sleeper Gold Project
Located in Nevada, this project includes a mine that used to produce a lot of gold in the past. Paramount owns the entire project and is exploring the large area of land around the old mine for new gold deposits. The company recently completed an Initial Assessment (an early-stage study of potential profitability) that showed positive results for restarting the mine. A key part of the plan involves processing old waste rock from the previous mining operation, which still contains gold and could be a low-cost source of production early on.
Other Exploration Properties
The company also holds other, less developed properties, such as the Bald Peak Project in Nevada. This project is considered "drill-ready," meaning the company has done initial survey work and identified promising spots to start drilling and testing for gold. These earlier-stage projects represent potential future opportunities for the company but are not as far along in the development process as Grassy Mountain and Sleeper. They provide a pipeline of potential future mines that the company can explore and develop over time.
What management is betting on now
Management's current focus is on advancing its two main projects, Grassy Mountain and Sleeper, through the final steps before mining can begin. For Grassy Mountain, the key is securing the last remaining state permits to make the project fully ready for construction. For the Sleeper project, the company is investing in more detailed engineering and environmental studies to move it closer to being a fully planned mine. The overall strategy is to make these projects so valuable and well-prepared that they can either be sold to a larger mining company, developed with a partner, or potentially built and operated by Paramount itself when market conditions are right.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
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Net income
$-1.91M
Diluted EPS
-0.01
Operating cash flow
$-2.77M
Free cash flow
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Sources
Revenue
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Net income
$-4.90M
Diluted EPS
-0.06
Operating cash flow
$-2.03M
Free cash flow
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Sources
Revenue
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Net income
$-4.43M
Diluted EPS
-0.06
Operating cash flow
$-1.40M
Free cash flow
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Sources
Revenue
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Net income
$-4.32M
Diluted EPS
-0.06
Operating cash flow
$-1.08M
Free cash flow
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Sources
Revenue
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Net income
$-2.83M
Diluted EPS
-0.04
Operating cash flow
$-2.70M
Free cash flow
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Revenue
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Net income
$-2.62M
Diluted EPS
-0.04
Operating cash flow
$-1.50M
Free cash flow
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Sources
Revenue
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Net income
$-2.03M
Diluted EPS
-0.03
Operating cash flow
$-895.33K
Free cash flow
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Revenue
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Net income
$-1.57M
Diluted EPS
-0.02
Operating cash flow
$-1.17M
Free cash flow
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Is it cheap or expensive?
Fair value — vs current price $1.31
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $1.9M. Interest coverage -4.9x.
Net debt
$1.87M
Interest coverage
-4.92x
Paramount Gold Nevada Corp.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
PZG
BASELINE
Paramount Gold Nevada Corp.
Total debt $11.80M Interest coverage -4.92x This is the baseline the peer rows are being compared against.
Total debt $81.90K Interest coverage -67.65x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -51.76x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -101.15x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -10.67x Neither company has much profit cushion over interest right now.
What you should know
The case for and against PZG
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -46.1% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-18.71x
P/B
3.32x
P/S
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EV/EBITDA
-14.17x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-46.1%
ROA
-9.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.35x
Current ratio
3.08x
Quick ratio
2.74x
Total debt
$11.80M
Total cash
$9.93M
Growth
How the business has been compounding
Revenue TTM
$216.58K
Revenue 5Y CAGR
40.2%
EPS TTM
-0.19
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-7.28M
Free CF TTM
$-7.33M
FCF margin
-3,386.2%
Dividend
Shareholder payout
Yield
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Payout ratio
0.0%
Last ex-div date
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