Paramount Gold Nevada Corp.
PZG Basic Materials Gold
In the quarter to June 2026, EPS grew 50.0%, free cash flow fell 2.39% and total debt rose 32.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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Paramount Gold Nevada Corp. (PZG) Altman Z-score
Paramount Gold Nevada Corp.'s Altman Z-score for fiscal 2020 is 1.35, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2022 | −0.88 | (2.18) |
| FY2021 | 1.30 | (0.05) |
| FY2020 | 1.35 | (3.12) |
| FY2019 | 4.47 | (2.14) |
| FY2018 | 6.61 | 1.00 |
| FY2017 | 5.62 | 1.76 |
| FY2016 | 3.86 | (0.19) |
| FY2015 | 4.05 | — |
How fiscal 2020’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.11 | |
| Retained earnings / total assets | (1.00) | — | −1.41 | |
| EBIT / total assets | (0.11) | — | −0.37 | |
| Market value of equity / total liabilities | 5.01 | — | 3.00 | |
| Sales / total assets | 0.01 | — | 0.01 | |
| Altman Z-score | Distress zone | 1.35 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.79 | ||
Z and Z″ put Paramount Gold Nevada Corp. in different zones: distress zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| IDR Idaho Strategic Resources, Inc. compare | 66.3× |
| NAMM Namib Minerals compare | 8.3× |
| CMCL Caledonia Mining Corporation PLC compare | 3.8× |
| TRX TRX Gold Corporation compare | 1.0× |
| GAU Galiano Gold Inc. compare | 0.7× |
| PZG Paramount Gold Nevada Corp. | −0.9× |
| USAU US Gold Corp compare | −1.8× |
| CTGO Contango Silver & Gold Inc. compare | — |
| GLDG GoldMining Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets