Maestrano Group (LON:MNO) Trading Up 2% – Still a Buy?

Maestrano Group Plc (LON:MNO)’s stock price shot up 2% on Friday . The stock traded as high as GBX 103 and last traded at GBX 103. 193,157 shares changed hands during trading, a decline of 55% from the average daily volume of 433,944 shares. The stock had previously closed at GBX 101.

Analysts Set New Price Targets

Several brokerages have issued reports on MNO. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 120 price target on shares of Maestrano Group in a report on Friday, July 17th. Berenberg Bank restated a “buy” rating and set a GBX 168 price objective on shares of Maestrano Group in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 144.

Maestrano Group Stock Up 2.0%

The firm has a fifty day moving average price of GBX 86.64. The company has a quick ratio of 3.98, a current ratio of 5.74 and a debt-to-equity ratio of 3.57. The stock has a market cap of £500.08 million and a price-to-earnings ratio of -17.17.

About Maestrano Group

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.