Panoro Minerals (CVE:PML) Sets New 1-Year High – What’s Next?

Panoro Minerals Ltd. (CVE:PMLGet Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as C$1.81 and last traded at C$1.79, with a volume of 70136 shares changing hands. The stock had previously closed at C$1.79.

Wall Street Analyst Weigh In

Separately, Raymond James Financial set a C$4.25 price target on Panoro Minerals and gave the stock an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Panoro Minerals presently has an average rating of “Buy” and an average price target of C$4.25.

Get Our Latest Research Report on Panoro Minerals

Panoro Minerals Stock Performance

The stock has a 50 day moving average of C$1.53 and a 200 day moving average of C$1.09. The company has a quick ratio of 0.81, a current ratio of 0.04 and a debt-to-equity ratio of 0.35. The firm has a market cap of C$549.80 million, a price-to-earnings ratio of -89.25 and a beta of 3.59.

Panoro Minerals Company Profile

(Get Free Report)

Panoro Minerals Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties in Peru. The company explores for copper, molybdenum, lead, gold, silver, and zinc deposits. Its flagship project is the Cotabambas project located in the southern Peru. The company was formerly known as Panoro Resources Ltd. and changed its name to Panoro Minerals Ltd. in June 2003. Panoro Minerals Ltd. was incorporated in 1994 and is headquartered in Vancouver, Canada.

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