Paramount Gold Nevada Corp. Common Stock (PZG)

FairStock Score: 19/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor in the Graham and Buffett tradition, I look first for a business that earns money and has durable competitive advantages. Paramount Gold Nevada fails that first test. It is an exploration and development company with no revenue. In fiscal 2026, the year ended 2026-06-30, it reported a net loss of $15.6 million, or diluted EPS of -$0.19. That was worse than fiscal 2025's $9.1 million loss and fiscal 2024's $8.1 million loss. In fiscal Q3 2026, the quarter ended 2026-03-31, the net loss was $4.9 million versus $2.6 million in fiscal Q3 2025. Trailing free cash flow is -$7.3 million, and FairStock's FCF yield is -7.5%. At the 2026-10-13 close of $1.14, FairStock shows a P/E of -6.00, P/B of 2.92, ROE of -46.11%, and ROCE of -9.20%. The Piotroski F-Score is 1/9 and Altman Z-Score is -0.12. Those are not signs of financial strength. The company's main asset is the 100%-owned Grassy Mountain project, but from the figures I cannot identify a moat: there is no production, no revenue, and no customer relationship. The Lynch screen finds no category because it lost money in each of the last four years. The stock may hold optionality on gold prices or a development milestone, but as a business judged by current numbers, it is speculative. At $1.14, with a $98.3 million market cap and no profits, I see no margin of safety in the accounts. I would want to see demonstrated permitting, funding, and eventual production before calling this a value investment.

In plain English: Paramount Gold Nevada is a very small gold and silver exploration company with a flagship project in the United States. It has no revenue and has lost money in each of the last four years, with the most recent annual loss larger than the two before it. At $1.14, the stock looks expensive compared with its current business numbers because there are no profits to support the price.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer