Paramount Resources (NYSEAMEX: PZG) was downgraded by research analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a report released on Wednesday.

Paramount Resources traded down 5.00% on Wednesday, hitting $2.47. Paramount Resources has a 52-week low of $1.95 and a 52-week high of $3.23.

A number of other analysts have also recently weighed in on PZG. Analysts at BMO Capital Markets raised their price target on shares of Paramount Resources from $32.00 to $37.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Paramount Resources from $35.00 to $38.00 in a research note to investors on Thursday, November 1st. They now have a “sector perform” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Paramount Resources from $36.00 to $38.00 in a research note to investors on Tuesday, October 16th. They now have an “equal-weight” rating on the stock.

Paramount Gold and Silver Corp. (Paramount) is an exploration stage mining company with projects in northern Nevada and Chihuahua, Mexico.