In a report released today, Hayden Bairstow from Macquarie maintained a Buy rating on Panoramic Resources Limited (PANRF – Research Report), with a price target of A$0.20. The company’s shares closed last Monday at $0.10.
Bairstow covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals Limited, Lynas Rare Earths Limited, and Northern Star Resources Ltd. According to TipRanks, Bairstow has an average return of 12.4% and a 54.30% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Panoramic Resources Limited with a $0.16 average price target.
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Based on Panoramic Resources Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Panoramic Resources Ltd. operates as a mining company, which engages in the exploration, evaluation, development, and production of mineral deposits. It operates through the following segments: Nickel, Gold, Platinum Group Metals, Australian Exploration, and Overseas Exploration. The Nickel segment focuses on the mining and exploration of nickel ore which includes the Lanfranchi Nickel Project, Savannah Nickel Project, and Copernicus Nickel Project. The Gold segment deals with the development and exploration of gold which includes the Gum Creek Gold Project. The Platinum Group Metals segment involves in the mining, exploration, and drilling of platinum deposits which includes the Thunder Bay North PGM Project and Panton PGM Project. The Australian Exploration segment engages in the exploration and evaluation activities in Western Australia. The Overseas Exploration segment focuses on the exploration and evaluation activities in Scandinavia through joint venture agreements. The company was founded on February 2, 2001 and is headquartered in Perth, Australia.
