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

Maestrano Group Plc (LON:MNO)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 117.50 and last traded at GBX 113, with a volume of 485143 shares trading hands. The stock had previously closed at GBX 98.40.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MNO shares. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 120 price objective on shares of Maestrano Group in a research report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 168 price target on shares of Maestrano Group in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 144.

Maestrano Group Stock Up 19.4%

The stock has a market cap of £572.60 million and a P/E ratio of -19.58. The company has a 50 day moving average of GBX 89.70. The company has a current ratio of 5.74, a quick ratio of 3.98 and a debt-to-equity ratio of 3.57.

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.