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
$1.06
52-week range
$0.88 - $2.71
Market cap
$91.39M
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 a company that explores for gold and silver deposits in the United States, with its main focus on the Grassy Mountain project in Oregon. Essentially, they are searching for valuable metals underground, and their success depends on finding enough of these metals to make mining them worthwhile. This matters because if they find a significant amount of gold or silver, it could make their company much more valuable.
How the company got here
Paramount Gold Nevada Corp. was founded in 1992 and is a U.S.-based company focused on acquiring, exploring, and developing precious metal projects within the United States. The company's strategy is to focus on known, mid- to advanced-stage deposits that have the potential for expansion through targeted exploration and development, aiming to reduce the risks often associated with junior mining companies. Paramount's philosophy centers on providing shareholders with exposure to high-quality U.S. gold assets while maintaining low overhead costs and a disciplined approach to spending. The company has advanced two key projects, Grassy Mountain in Oregon and Sleeper in Nevada, which together hold over 4 million ounces of gold resources.
What it actually does
Paramount Gold Nevada Corp. is an exploration-stage company, meaning it is primarily involved in searching for and developing mineral deposits rather than actively mining and selling large quantities of ore. The company's core business involves acquiring land with potential precious metal deposits, conducting geological surveys and exploration activities to assess the viability of these deposits, and advancing them through development stages. Paramount aims to enhance the value of these projects by expanding known mineralized material into reserves, which are quantities of ore that can be economically extracted. The company currently holds interests in several projects, including the Grassy Mountain Gold Project in Oregon and the Sleeper Gold Project in Nevada.
Grassy Mountain Gold Project
The Grassy Mountain Gold Project, located in Malheur County, Oregon, is Paramount Gold Nevada's flagship asset and is considered one of the most advanced undeveloped gold projects in the United States. This project is designed as a high-grade underground mining operation with a relatively small surface footprint. An updated feasibility study outlines an initial mine life of approximately 9.3 years, with projected annual production of around 41,000 ounces of gold and 52,000 ounces of silver. The project has received key approvals, including the U.S. Bureau of Land Management's approval of its Plan of Operations, which is a significant step towards potential construction and operation.
Sleeper Gold Project
The Sleeper Gold Project in Nevada is another significant asset for Paramount Gold Nevada. This project is located in Humboldt County, a region known for its rich mining history. The Sleeper mine was previously a prolific producer, operating from 1986 to 1996 and yielding approximately 1.66 million ounces of gold and 2.3 million ounces of silver. Paramount has assembled a large land package around the past-producing mine and is currently undertaking development work, including historical data analysis, metallurgical studies, and drilling, to further assess and potentially expand the gold resources at the site.
What management is betting on now
Paramount Gold Nevada's management is focused on advancing its key projects, Grassy Mountain and Sleeper, through the development and permitting stages. A primary strategic priority is to de-risk the Grassy Mountain project by completing the necessary federal and state permitting, which has seen significant progress with the approval of its Plan of Operations. Concurrently, the company is allocating capital and resources to further exploration and development at the Sleeper Gold Project, leveraging its location in a premier mining jurisdiction. Management aims to create shareholder value by unlocking the potential of these high-quality U.S. gold assets, potentially through development, sale, or partnership.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
—
Net income
$-1.91M
Diluted EPS
-0.01
Operating cash flow
$-2.77M
Free cash flow
—
Fetching…
Sources
Revenue
—
Net income
$-4.90M
Diluted EPS
-0.06
Operating cash flow
$-2.03M
Free cash flow
—
Fetching…
Sources
Revenue
—
Net income
$-4.43M
Diluted EPS
-0.06
Operating cash flow
$-1.40M
Free cash flow
—
Fetching…
Sources
Revenue
—
Net income
$-4.32M
Diluted EPS
-0.06
Operating cash flow
$-1.08M
Free cash flow
—
Fetching…
Sources
Revenue
—
Net income
$-2.83M
Diluted EPS
-0.04
Operating cash flow
$-2.70M
Free cash flow
—
Fetching…
Sources
Revenue
—
Net income
$-2.62M
Diluted EPS
-0.04
Operating cash flow
$-1.50M
Free cash flow
—
Fetching…
Sources
Revenue
—
Net income
$-2.03M
Diluted EPS
-0.03
Operating cash flow
$-895.33K
Free cash flow
—
Fetching…
Sources
Revenue
—
Net income
$-1.57M
Diluted EPS
-0.02
Operating cash flow
$-1.17M
Free cash flow
—
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $1.06
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)
—
Forward P/E
-15.14x
P/B
2.69x
P/S
—
EV/EBITDA
-11.51x
PEG ratio
—
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
—
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
0.0%
Payout ratio
—
Last ex-div date
—