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

Panoro Minerals Ltd. (CVE:PML) shares reached a new 52-week high on Wednesday . The company traded as high as C$1.81 and last traded at C$1.79, with a volume of 70136 shares. The stock had previously closed at C$1.79.

Wall Street Analyst Weigh In

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

Panoro Minerals Stock Down 0.3%

The stock has a market capitalization of C$549.80 million, a price-to-earnings ratio of -89.25 and a beta of 3.59. The firm’s 50 day simple moving average is C$1.53 and its 200-day simple moving average is C$1.09. The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.

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.