Maestrano Group (LON:MNO) Given Buy Rating at Berenberg Bank

Maestrano Group (LON:MNO)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Wednesday,London Stock Exchange reports. They presently have a GBX 168 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 106.39% from the stock’s current price.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 120 price objective on shares of Maestrano Group in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 144.

Maestrano Group Stock Down 0.7%

Shares of LON MNO traded down GBX 0.60 during trading on Wednesday, reaching GBX 81.40. 434,747 shares of the stock were exchanged, compared to its average volume of 512,236. The business’s 50-day moving average price is GBX 89.53. Maestrano Group has a twelve month low of GBX 73 and a twelve month high of GBX 117. 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 company has a market cap of £395.21 million and a P/E ratio of -13.57.

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.