Paramount Gold and Silver Corporation is a precious metals exploration company. The firm explores and develops mines and also secures strategic land for future exploration. While its major focus is on Mexico, the company has also created an international alliance for exploration in Argentina, Chile and Peru.
PZG has discovered significant gold and silver mineralization while drilling the Don Ese target at its wholly owned San Miguel project in the Sierra Madres of Chihuahua, Mexico.Right now, it’s price stands at $3.25. PZG’s 52-week price range is $1.15 - $4.52. Speculators believe that “this has the 2nd highest upside potential in this segment of the market. Its upside is 226.5%. Its consensus target price is $13.55 based on the average of all estimates”. Other sources have 1 year estimates of $14.04.
Conclusion: I would buy now - but for those who are willing to risk waiting for a lower price, any price below $3.25 is a definite call to buy. Do not second guess yourself.
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