As 2011 comes to a close, it's a great time to look back at what happened to the stocks that interest you. By making sure you know the important things that a company accomplished -- as well as the setbacks it experienced -- you can make a better decision about whether it's a smart investment for your portfolio.
Today, let's take a look at Paramount Gold & Silver
Stats on Paramount Gold & Silver
|Year-to-Date Stock Return||(42.3%)|
|Market Cap||$315 million|
|Net Loss, Trailing 12 Months||($23.7 million)|
|Cash / Debt||$10.7 million / $0|
|CAPS Rating (out of 5)||***|
Sources: S&P Capital IQ, Motley Fool CAPS.
How did Paramount Gold & Silver do this year?
At the beginning of 2011, Paramount was riding high, having just made a huge discovery at its San Miguel project in Mexico. With a world-class mine owned by Coeur d'Alene
Yet San Miguel isn't the company's only prospect. After paying a pittance to acquire its Sleeper project in Nevada, Paramount now believes the mine has a measured and indicated resource of 2.6 million ounces of gold and 25.3 million ounces of silver.
Perhaps the most exciting thing about Paramount is that it continues to explore for new resources. Although Great Panther Silver
With gold and silver prices having declined in the past week, Paramount looks poised to close out 2011 on a sour note. But if precious metals rebound, Paramount should jump with them.
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