Maestrano Group (LON:MNO) Shares Down 7.7% – Should You Sell?

Maestrano Group Plc (LON:MNO) shares dropped 7.7% on Tuesday. The company traded as low as GBX 119.50 and last traded at GBX 119.50. 401,790 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 484,581 shares. The stock had previously closed at GBX 129.50.

Analyst Ratings Changes

Several analysts have commented on MNO shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 168 price objective on shares of Maestrano Group in a research note on Tuesday, September 22nd. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 120 price objective on shares of Maestrano Group in a research note on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 144.

Maestrano Group Trading Down 7.7%

The company has a market capitalization of £582.34 million and a P/E ratio of -19.92. The company has a debt-to-equity ratio of 3.57, a quick ratio of 3.98 and a current ratio of 5.74. The firm’s 50 day moving average price is GBX 103.90.

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.