Maestrano Group (LON:MNO) Sets New 1-Year High – Here’s What Happened

Shares of Maestrano Group Plc (LON:MNO) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 117.50 and last traded at GBX 113, with a volume of 485143 shares traded. The stock had previously closed at GBX 98.40.

Wall Street Analysts Forecast Growth

MNO has been the subject of several recent research reports. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 120 target price on shares of Maestrano Group in a report on Tuesday. Berenberg Bank reissued a “buy” rating and set a GBX 168 price target on shares of Maestrano Group in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 144.

Maestrano Group Stock Up 19.4%

The stock has a market cap of £572.60 million and a price-to-earnings ratio of -19.58. The business has a fifty day simple moving average of GBX 89.70. The company has a debt-to-equity ratio of 3.57, a current ratio of 5.74 and a quick ratio of 3.98.

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.