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

Panoro Minerals (CVE:PML) has been given a C$4.25 price objective by equities researchers at Raymond James Financial in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 170.70% from the company’s previous close.

Panoro Minerals Stock Down 4.8%

Panoro Minerals stock traded down C$0.08 during mid-day trading on Friday, reaching C$1.57. The company’s stock had a trading volume of 170,827 shares, compared to its average volume of 620,989. The company has a market capitalization of C$483.58 million, a price-to-earnings ratio of -78.50 and a beta of 3.54. Panoro Minerals has a 12 month low of C$0.28 and a 12 month high of C$1.73. The business’s 50 day simple moving average is C$1.47 and its 200 day simple moving average is C$1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.04.

Insider Buying and Selling at Panoro Minerals

In related news, Director William John Boden sold 50,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$1.17, for a total value of C$58,500.00. Following the sale, the director owned 12,248,620 shares in the company, valued at approximately C$14,330,885.40. This represents a 0.41% decrease in their position. Over the last quarter, insiders sold 95,900 shares of company stock worth $117,193. 17.34% of the stock is currently owned by insiders.

Panoro Minerals Company Profile

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.