UPDATE: Roth Capital Resumes Paramount Gold Nevada Corp. (PZG) at Buy

Roth Capital analyst Joe Reagor resumes coverage on Paramount Gold Nevada Corp. (NYSE: PZG) with a Buy rating and a price target of $1.80.

The analyst comments "We believe PZG's management made a prudent decision by deemphasizing the Sleeper Mine following the decline in the gold price in 2012-2014. However, we believe the project presents a significant opportunity now that the price of gold has recovered. Ultimately, we believe the best way for management to unlock this value is to enter into a JV with a producing mining company that would allow the project to be funded by the partner."

For an analyst ratings summary and ratings history on Paramount Gold Nevada Corp. click here. For more ratings news on Paramount Gold Nevada Corp. click here.

Shares of Paramount Gold Nevada Corp. closed at $1.08 yesterday.

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