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$4.00
▲(7.24% 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
Low leverage
A debt-to-equity of 0.15 indicates a conservatively funded balance sheet, reducing financial strain during commodity cycles. This durable capital structure enhances capacity to fund exploration, sustain mine operations and finance project development without immediate reliance on dilutive equity.
Negative Factors
Historical volatility and past losses
Past volatility and periods of loss indicate the company has faced operational or market setbacks historically. That legacy increases the risk that recent improvements may reverse, making medium-term cash flows and project timelines less certain and requiring sustained execution to be durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A debt-to-equity of 0.15 indicates a conservatively funded balance sheet, reducing financial strain during commodity cycles. This durable capital structure enhances capacity to fund exploration, sustain mine operations and finance project development without immediate reliance on dilutive equity.
Read all positive factors
Pantoro Gold Limited (PNR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.48B
Dividend YieldN/A
Average Volume (3M)3.21M
Price to Earnings (P/E)8.5
Beta (1Y)2.32
Revenue Growth53.05%
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$6.56Price Target Upside75.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.43
Revenue Forecast (FY)AU$563.16M
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
Negative
3.73
Price Trends
4.29
Negative
4.67
Negative
4.72
Negative
Market Momentum
-0.11
Negative
46.81
Neutral
69.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNR, the sentiment is Negative. The current price of 3.73 is above the 20-day moving average (MA) of 3.52, below the 50-day MA of 4.29, and below the 200-day MA of 4.72, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 46.81 is Neutral, neither overbought nor oversold. The STOCH value of 69.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$2.84B | 7.63 | 68.49% | ― | 82.10% | 237.67% | |
74 Outperform | AU$1.62B | 4.11 | 30.89% | ― | 129.69% | -47.36% | |
73 Outperform | AU$745.05M | 3.23 | 73.07% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$1.48B | 8.53 | 19.74% | ― | 53.05% | ― | |
50 Neutral | AU$856.40M | 6.46 | 6.29% | ― | ― | ― | |
46 Neutral | AU$792.42M | -704.50 | -11.26% | ― | 17.55% | 40.51% |
* Basic Materials Sector Average
AU:PNR
Pantoro Gold Limited
3.81
1.09
40.07%
AU:OBM
Ora Banda Mining
1.54
0.52
50.98%
AU:FML
Focus Minerals Ltd
2.61
2.38
1010.64%
AU:KCN
Kingsgate Consolidated Limited
6.28
4.73
305.42%
AU:SBM
St. Barbara
0.66
0.39
140.00%
AU:BC8
Black Cat Syndicate Ltd.
1.23
0.26
26.80%
Pantoro Gold Limited Corporate Events
Pantoro Gold Continues On-Market Share Buy-Back Program
Apr 27, 2026
Pantoro Gold Limited has updated the market on its ongoing on-market share buy-back, confirming that a total of 2,121,430 ordinary fully paid shares had been repurchased prior to the latest reporting day. The company reported that a further 66,086...
Pantoro Gold to Brief Investors on Norseman Operations via April Webinar
Apr 23, 2026
Pantoro Gold Limited will hold an investor webinar on 28 April 2026 to provide an operational update on its Norseman Gold Project following the release of its March 2026 quarterly activities report. Hosted by managing director Paul Cmrlec, the 30-...
Pantoro Gold Updates Daily On-Market Share Buy-Back Activity
Apr 23, 2026
Pantoro Gold Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares traded under the ASX code PNR. The latest notification, dated 23 April 2026, reports that a total of 2,042,584 shares had been r...
Pantoro Gold strikes funding and processing deal for high grade Rama mine
Apr 22, 2026
Pantoro Gold has entered a partnership with privately owned Mega Resources and Bain Global Resources to fund and process ore from the high grade Rama Open Pit in Western Australia’s Forrestania region. Pantoro will advance up to $20 million,...
Pantoro Gold Updates Market on Progress of On‑Market Share Buy‑Back
Apr 22, 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 latest filing reports that the company had repurchased a cumulative 1,980,601 share...
Pantoro Gold Updates Daily On-Market Share Buy-Back Activity
Apr 21, 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. As of the latest daily report dated 21 April 2026, the company has repurchased a cumula...
Pantoro Gold Updates On-Market Share Buy-Back Activity
Apr 20, 2026
Pantoro Gold Limited has provided an updated notification on its on-market share buy-back program for its ordinary fully paid shares traded under the ASX code PNR. The latest filing shows that a total of 1,858,265 shares had been repurchased befor...
Pantoro Gold Provides Daily Update on Ongoing On-Market Share Buy-Back
Apr 17, 2026
Pantoro Gold Limited, a gold mining and exploration company listed on the ASX under ticker PNR, continues to manage its capital structure through an on-market share buy-back of its ordinary fully paid shares. The company has reported an updated to...
Pantoro Gold Updates Market on Progress of On-Market Share Buy-Back
Apr 16, 2026
Pantoro Gold Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. The update, dated 16 April 2026, confirms the program continues under its previously announced frame...
Pantoro Gold Continues On-Market Share Buy-Back Program
Apr 15, 2026
Pantoro Gold Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under ticker PNR. The latest notification confirms the company is continuing to purchase its own shares on mar...
Pantoro Gold Updates Progress of On-Market Share Buy-Back
Apr 14, 2026
Pantoro Gold Limited has provided an update on its on-market share buy-back, confirming that a total of 1,681,205 ordinary fully paid shares had been repurchased prior to the previous trading day, with an additional 54,000 shares bought back on th...
Pantoro Gold Updates Daily On-Market Share Buy-Back Totals
Apr 13, 2026
Pantoro Gold Limited has disclosed an update to its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under code PNR. The company reported that a cumulative total of 1,591,145 shares had been repurchased before ...
Pantoro Gold Continues On‑Market Share Buy‑Back Program
Apr 10, 2026
Pantoro Gold Limited has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The company reported that it had repurchased a cumulative total of 1,460,400 shares prior to the latest tra...
Pantoro Gold Updates Investors on Progress of On-Market Share Buy-Back
Apr 9, 2026
Pantoro Gold Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares, reporting that a total of 1,420,900 shares had been repurchased prior to the latest trading day and a further 39,500 shares wer...
Macquarie Group Ceases to Be Substantial Holder in Pantoro Gold
Apr 8, 2026
Macquarie Group Limited and its controlled entities have lodged a notice stating they have ceased to be substantial shareholders in Pantoro Gold Limited as of 1 April 2026. The change, formally recorded with the ASX, indicates a reduction in Macqu...
Pantoro Gold Cancels Over 1 Million Shares in On-Market Buy-Back
Mar 31, 2026
Pantoro Gold Limited has cancelled 1,019,036 fully paid ordinary shares on 31 March 2026 as part of an on-market share buy-back. The reduction in issued capital may marginally enhance value for remaining shareholders by incrementally increasing th...
Pantoro Gold Updates ASX on Progress of On-Market Share Buy-Back
Mar 30, 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 1,126,878 shares had been repurchased prior to the...
Pantoro Gold Updates Market on Ongoing On-Market Share Buy-Back
Mar 27, 2026
Pantoro Gold Limited, an Australian-listed gold miner trading under the ASX ticker PNR, has its main equity securities structured as ordinary fully paid shares. The company participates in the broader gold resources sector, where capital managemen...
Pantoro Gold Updates Daily On-Market Share Buy-Back Activity
Mar 26, 2026
Pantoro Gold Limited has provided an updated notification regarding its on-market share buy-back program for its ordinary fully paid shares traded under the ASX code PNR. The company reported that it had repurchased a cumulative total of 891,896 s...
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...
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.