PanAust Limited Price Target Raised to $2.30 at JPMorgan Chase & Co. (PNA)
Research analysts at JPMorgan Chase & Co. hoisted their price objective on shares of PanAust Limited (ASX:PNA) from $1.85 to $2.30 in a report released on Wednesday, AnalystRatings.NET reports.
A number of other firms have also recently commented on PNA. Analysts at Morningstar reiterated a “hold” rating on shares of PanAust Limited in a research note on Tuesday, March 11th.
Shares of PanAust Limited (ASX:PNA) traded up 2.83% during mid-day trading on Wednesday, hitting A$2.180. 24,126,602 shares of the company’s stock traded hands. PanAust Limited has a one year low of A$1.450 and a one year high of A$2.570. The stock has a 50-day moving average of A$1.63 and a 200-day moving average of A$1.70. The company has a market cap of A$1.300 billion and a price-to-earnings ratio of 34.75.
PanAust Limited is an Australia-based mining company. The Company is engaged in production and sale of copper-gold concentrate from the Phu Kham Copper-Gold Operation, Laos; Completion and commissioning of the Phu Kham Upgrade Project; site development work for the Phu Kham Increased Recovery Project; completion of the construction and commissioning of the Ban Houayxai Gold-Silver Project, Laos; production and sale of gold-silver dore from the Ban Houayxai Gold-Silver Operation, Laos, and exploration and evaluation of projects in Laos and Chile.
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