Panoro Minerals (CVE:PML) Given a C$4.25 Price Target at Raymond James Financial

Raymond James Financial set a C$4.25 target price on Panoro Minerals (CVE:PML) in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Panoro Minerals Stock Performance

Shares of CVE PML opened at C$1.55 on Friday. The stock has a 50 day moving average price of C$1.48 and a 200 day moving average price of C$1.02. Panoro Minerals has a 52 week low of C$0.28 and a 52 week high of C$1.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.04. The stock has a market capitalization of C$477.42 million, a PE ratio of -77.50 and a beta of 3.54.

Insider Activity at Panoro Minerals

In related news, Director William John Boden sold 40,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$1.28, for a total value of C$51,200.00. Following the completion of the transaction, the director directly owned 12,202,720 shares of the company’s stock, valued at approximately C$15,619,481.60. This trade represents a 0.33% decrease in their ownership of the stock. Over the last three months, insiders sold 95,900 shares of company stock valued at $117,193. Corporate insiders own 17.34% of the company’s stock.

About Panoro Minerals

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.