Pantoro Gold Limited (AU:PNR)
ASX:PNR
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Pantoro Gold Limited
(Sydney:PNR)
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Rating:60Neutral
Price Target:
AU$3.50
▲(0.00% Upside)
Action:ReiteratedDate:03/22/26
The score is supported by improving fundamentals (strong revenue growth, restored profitability, low leverage, and better cash conversion) and a reasonable P/E. However, the overall rating is held back by weak technicals, with price trading below all key moving averages and negative MACD despite oversold readings.
Positive Factors
Revenue & margin recovery
Sustained top-line growth and improved gross and net margins increase internal funding capacity for exploration, development and sustaining capital. Better margins support durability of earnings and cash generation, enabling reinvestment without sole reliance on external financing.
Negative Factors
Historical profitability volatility
Past negative returns and volatility in earnings imply inconsistent profitability. This history raises the risk that recent improvements may not be sustained, complicating long-term planning and increasing the likelihood of episodic capital raises or operational adjustments in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & margin recovery
Sustained top-line growth and improved gross and net margins increase internal funding capacity for exploration, development and sustaining capital. Better margins support durability of earnings and cash generation, enabling reinvestment without sole reliance on external financing.
Read all positive factors
Pantoro Gold Limited (PNR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.38B
Dividend YieldN/A
Average Volume (3M)3.21M
Price to Earnings (P/E)8.5
Beta (1Y)2.11
Revenue Growth55.73%
EPS GrowthN/A
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.14
Shares Outstanding393,161,870
10 Day Avg. Volume2,569,289
30 Day Avg. Volume3,208,853
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.32
Price to Sales (P/S)3.31
P/FCF Ratio15.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.69Price Target Upside91.14% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.48
Revenue Forecast (FY)AU$565.69M
Pantoro Gold Limited Business Overview & Revenue Model
Company Description
Pantoro Limited, together with its subsidiaries, engages in the gold mining, processing, and exploration activities in Western Australia. The company explores for gold and silver deposits. Its flagship property is the Nicolsons Project located in ...
How the Company Makes Money
Pantoro’s primary way of making money is through the production and sale of gold (typically as gold doré) when it is operating a mine and processing plant. Revenue is generated by selling produced gold at prevailing market prices, with receipts in...
Pantoro Gold Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 442.47M | 357.30M | 229.43M | 98.54M | 73.52M | 87.79M |
| Gross Profit | 165.72M | 96.40M | 31.46M | -55.02M | -1.84M | 17.25M |
| EBITDA | 294.98M | 162.72M | 51.22M | -55.48M | 20.74M | 33.44M |
| Net Income | 106.49M | 56.66M | -49.31M | -74.64M | -10.74M | 12.00M |
Balance Sheet | ||||||
| Total Assets | 776.66M | 692.79M | 560.88M | 514.91M | 294.63M | 221.38M |
| Cash, Cash Equivalents and Short-Term Investments | 189.38M | 151.65M | 98.12M | 42.61M | 52.04M | 47.38M |
| Total Debt | 82.64M | 78.35M | 56.12M | 79.57M | 56.50M | 19.82M |
| Total Liabilities | 206.87M | 183.49M | 147.58M | 176.69M | 101.74M | 65.65M |
| Stockholders Equity | 569.79M | 509.30M | 413.30M | 338.22M | 192.90M | 155.73M |
Cash Flow | ||||||
| Free Cash Flow | 133.46M | 75.26M | -41.29M | -81.08M | -49.21M | -15.61M |
| Operating Cash Flow | 254.16M | 182.00M | -563.17K | -17.13M | 19.74M | 33.62M |
| Investing Cash Flow | -143.08M | -104.17M | -11.33M | -68.28M | -73.63M | -51.46M |
| Financing Cash Flow | -27.56M | -24.31M | 67.40M | 75.98M | 58.55M | 42.73M |
Pantoro Gold Limited Technical Analysis
Neutral
3.50
Price Trends
4.55
Negative
4.79
Negative
4.69
Negative
Market Momentum
-0.39
Negative
41.32
Neutral
68.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNR, the sentiment is Neutral. The current price of 3.5 is below the 20-day moving average (MA) of 3.62, below the 50-day MA of 4.55, and below the 200-day MA of 4.69, indicating a bearish trend. The MACD of -0.39 indicates Negative momentum. The RSI at 41.32 is Neutral, neither overbought nor oversold. The STOCH value of 68.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PNR.
Pantoro Gold Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$2.98B | 22.93 | 17.47% | ― | 42.75% | -5.56% | |
64 Neutral | AU$1.17B | 4.11 | 10.01% | ― | 153.02% | -85.25% | |
63 Neutral | AU$1.60B | 7.86 | 27.46% | ― | 14.01% | 331.24% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$1.38B | 8.53 | 12.22% | ― | 55.73% | ― | |
54 Neutral | AU$2.20B | -37.45 | -8.15% | ― | ― | -29.27% | |
52 Neutral | AU$2.28B | 240.15 | -6.70% | ― | 69.51% | -153.68% |
* Basic Materials Sector Average
AU:PNR
Pantoro Gold Limited
3.50
1.16
49.57%
AU:RSG
Resolute Mining
1.40
1.00
248.75%
AU:CYL
Catalyst Metals Limited
6.12
0.50
8.90%
AU:KCN
Kingsgate Consolidated Limited
4.37
3.05
230.31%
AU:PDI
Predictive Discovery Limited
0.84
0.50
153.03%
AU:BGL
Bellevue Gold Limited
1.53
0.39
33.62%
Pantoro Gold Limited Corporate Events
Pantoro Gold Details Daily Progress of On-Market Share Buy-Back
Mar 23, 2026
Pantoro Gold Limited, an Australian gold miner listed on the ASX under ticker PNR, operates in the exploration and production of gold, offering ordinary fully paid shares as its main security. The company targets investors looking for exposure to ...
Pantoro Gold Reports Daily Progress on On-Market Share Buy-Back
Mar 20, 2026
Pantoro Gold Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 780,947 shares had been repurchased prior to the p...
Pantoro Gold Continues On-Market Share Buy-Back Program
Mar 19, 2026
Pantoro Gold Limited has continued its on-market share buy-back program, targeting its ordinary fully paid shares listed on the ASX under the code PNR. The company is using the buy-back to actively manage its capital structure and share base, whic...
Pantoro Gold Updates Market on Ongoing On-Market Share Buy-Back
Mar 18, 2026
Pantoro Gold Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that it had bought back a cumulative total of 585,683 shares befor...
Pantoro Gold Updates Investors on Progress of On‑Market Share Buy‑Back
Mar 17, 2026
Pantoro Gold Limited has provided an updated notification on its ongoing on‑market share buy‑back program for its ordinary fully paid shares on the ASX. The latest filing shows that a cumulative 533,049 shares had been repurchased befo...
UBS Exits Substantial Shareholder Position in Pantoro Gold
Mar 16, 2026
UBS Group AG and its related entities have notified Pantoro Gold Limited that they have ceased to be a substantial shareholder in the company as of 12 March 2026. The reduction in UBS’s holding below the substantial shareholder threshold may...
Pantoro outlines investor presentation parameters and risk disclaimers
Mar 16, 2026
Pantoro Limited has released a presentation prepared for an institutional investor site visit and conference hosted by Euroz Hartleys, outlining general information about the company. The document emphasises that it is not an offer or financial pr...
Pantoro Gold Unveils High-Grade Drilling Success at Butterfly Zone in Norseman Mainfield
Mar 15, 2026
Pantoro Gold has reported a series of impressive high-grade gold intercepts from ongoing underground drilling in the Butterfly area of the Mararoa Reef, part of the Mainfield at its Norseman project. Mineralisation lies about 70 metres east of the...
Macquarie Group Ceases to Be Substantial Holder in Pantoro Gold
Mar 13, 2026
Macquarie Group Limited and a range of its controlled entities have lodged a notice stating they have ceased to be substantial holders in Pantoro Gold Limited. The change reflects an adjustment in Macquarie’s voting interest and association ...
Pantoro Gold Begins Daily On-Market Share Buy-Back
Mar 11, 2026
Pantoro Gold Limited has provided an updated notification regarding its on-market share buy-back program, confirming that it repurchased 259,607 ordinary fully paid shares on the previous trading day. The update, lodged as an Appendix 3C, indicate...
Pantoro Gold Issues 545,200 Unquoted Share Rights Under Incentive Scheme
Mar 10, 2026
Pantoro Gold Limited has notified the market of the issue of 545,200 unquoted share rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX, underscore the company’s ongoing use of equity-based rem...
Pantoro Gold Flags Lapse of 175,590 Conditional Share Rights
Mar 10, 2026
Pantoro Gold Limited has notified the market of the cessation of 175,590 share rights under its PNRAH code. The rights lapsed on 10 March 2026 after conditions attached to these conditional securities were not met or became incapable of being sati...
Pantoro Gold Posts Strong Half-Year, Trims FY 2026 Output Guidance Amid Contractor Shift
Mar 9, 2026
Pantoro Gold reported a strong first half of FY 2026, with gold production of 41,623 ounces driving a sharp rise in EBITDA to $135.5 million and gross profit to $85.1 million, alongside higher revenue and operating cash flow that lifted its cash a...
Pantoro Gold Releases Half-Year Corporate and Governance Report
Mar 9, 2026
Pantoro Gold Limited has released its half-year financial report for the period ended 31 December 2025, outlining the company’s corporate structure and key governance details. The report highlights the composition of the board, the registere...
Macquarie Group Ceases to Be Substantial Holder in Pantoro Gold
Jan 23, 2026
Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be substantial holders in Pantoro Gold Limited, indicating a reduction of their relevant interest in the company’s voting securities bel...
Pantoro Flags Risk and Uncertainty in December Quarter 2025 Results Presentation
Jan 22, 2026
Pantoro Limited released its December quarter 2025 results presentation, framing it as general information rather than an offer of securities or financial product advice, and stressing that the material is summary in nature and has not been indepe...
Pantoro Gold Lifts Cash, Advances Growth Pipeline on Strong Norseman Quarter
Jan 21, 2026
Pantoro Gold Limited reported a strong December 2025 quarter at its Norseman Gold Project, producing 22,071 ounces of gold and selling 22,473 ounces at an average price of $6,077 per ounce, delivering EBITDA of $83.6 million and an all-in sustaini...
Pantoro Gold Schedules Investor Webinar on Norseman Operations Update
Jan 19, 2026
Pantoro Gold Limited will host an investor webinar on 22 January 2026, led by Managing Director Paul Cmrlec, to provide an operational update on its flagship Norseman Gold Project following the release of the company’s December 2025 quarterl...
State Street Group Ceases to Be Substantial Holder in Pantoro Gold
Jan 12, 2026
State Street Corporation and a group of its asset management and trustee subsidiaries, including State Street Global Advisors entities in Australia, Europe, the UK and the US, have filed notice that they have ceased to be substantial shareholders ...
State Street Group Ceases to Be Substantial Holder in Pantoro Gold
Jan 8, 2026
State Street Corporation and a group of its asset management and custody subsidiaries, including State Street Global Advisors entities in the US, Europe and Australia, have lodged a notice that they have ceased to be substantial shareholders in Pa...
UBS Group AG Withdraws as Substantial Shareholder in Pantoro Gold
Jan 2, 2026
UBS Group AG and its related bodies corporate have notified Pantoro Gold Limited that they have ceased to be a substantial shareholder as of 30 December 2025, indicating their holdings have fallen below the substantial shareholding threshold. The ...
State Street Group Ceases to Be Substantial Holder in Pantoro Gold
Jan 2, 2026
State Street Global Advisors and related State Street Corporation subsidiaries have lodged a notice that they have ceased to be substantial shareholders in Pantoro Gold Limited as of 30 December 2025. The change in holding, disclosed under Austral...
Northern Trust Entities Cease to Be Substantial Holders in Pantoro Gold
Dec 31, 2025
Pantoro Gold Ltd has disclosed that The Northern Trust Company and its related investment management entities have ceased to be substantial holders in the company, following changes in their relevant interests in Pantoro’s fully paid ordinar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.