Maestrano Group (LON:MNO) Earns “Buy” Rating from Berenberg Bank

Maestrano Group (LON:MNO)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They currently have a GBX 168 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 106.39% from the company’s previous close.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 120 price target on shares of Maestrano Group in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Maestrano Group has an average rating of “Buy” and an average price target of GBX 144.

Maestrano Group Stock Performance

Shares of Maestrano Group stock traded down GBX 0.60 during trading on Wednesday, reaching GBX 81.40. The company had a trading volume of 434,747 shares, compared to its average volume of 512,236. The firm has a market capitalization of £395.21 million and a P/E ratio of -13.57. The firm’s fifty day simple moving average is GBX 89.53. The company has a debt-to-equity ratio of 3.57, a quick ratio of 3.98 and a current ratio of 5.74. Maestrano Group has a fifty-two week low of GBX 73 and a fifty-two week high of GBX 117.

Maestrano Group Company Profile

Meridian Mining is a gold-copper development company focused on advancing high-quality mineral projects in Brazil. The Company’s objective is to build a scalable, mid-tier mining company through the development of its flagship Cabaçal Project and broader Cabaçal VMS belt in Mato Grosso.

With a strong foundation in exploration, resource development and project advancement, Meridian is positioning itself to transition from developer to producer, supported by robust project economics and a growing portfolio of assets.