Berenberg Bank Reiterates Buy Rating for Maestrano Group (LON:MNO)

Maestrano Group (LON:MNO)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Tuesday, London Stock Exchange reports. They presently have a GBX 168 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 36.59% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 120 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 company has an average rating of “Buy” and a consensus target price of GBX 144.

Maestrano Group Price Performance

Shares of Maestrano Group stock opened at GBX 123 on Tuesday. The firm’s 50-day simple moving average is GBX 91.23. 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 firm has a market capitalization of £599.40 million and a P/E ratio of -20.50. Maestrano Group has a 1-year low of GBX 73 and a 1-year high of GBX 125.50.

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.