Panoro Minerals (CVE:PML) Reaches New 1-Year High – Should You Buy?

Panoro Minerals Ltd. (CVE:PML) shares hit a new 52-week high during trading on Friday . The company traded as high as C$1.82 and last traded at C$1.81, with a volume of 265867 shares changing hands. The stock had previously closed at C$1.77.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial set a C$4.25 price target on Panoro Minerals and gave the company an “outperform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$4.25.

Panoro Minerals Stock Performance

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 company has a 50 day simple moving average of C$1.59 and a 200-day simple moving average of C$1.15. The stock has a market capitalization of C$557.50 million, a price-to-earnings ratio of -90.50 and a beta of 3.59.

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.