PANTORO GOLD LIMITED (PNR)
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PNR

PNR - PANTORO GOLD LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.26
Index: ASX300 | ALL-ORDS

Pantoro Gold is a Western Australian gold producer focused on the Norseman Gold Project, which includes underground and open-pit mines and an associated processing plant.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.78

03 Nov
2026

-0.010

OPEN

$2.84

-0.36%

HIGH

$2.88

1,929,935

LOW

$2.75

TARGET
$4.598 65.4% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
PNR: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 28.8 41.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 94.3% 43.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 6.7 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx28.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx480.7 M
Book Value Per Share xxxxxxxxxxxxxxx156.8
Net Operating Cash Flow xxxxxxxxxxxxxxx276.2 M
Net Profit Margin xxxxxxxxxxxxxxx23.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx20.20 %
Return on Invested Capital xxxxxxxxxxxxxxx18.64 %
Return on Assets xxxxxxxxxxxxxxx14.71 %
Return on Equity xxxxxxxxxxxxxxx20.20 %
Return on Total Capital xxxxxxxxxxxxxxx25.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx156.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx26 M
Long Term Debt xxxxxxxxxxxxxxx45 M
Total Debt xxxxxxxxxxxxxxx70 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx203 M
Price To Book Value xxxxxxxxxxxxxxx1.47

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx173.3 M
Capex % of Sales xxxxxxxxxxxxxxx36.05 %
Cost of Goods Sold xxxxxxxxxxxxxxx315 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

23/10/2026

1

Buy

$5.05

81.65%

Pantoro Gold delivered production of 3,800 ozs in the September quarter, ahead of expectations and driven by higher grades. Ord Minnett is encouraged by the progress following the operational review although continued delivery will be required to rebuild investor confidence.

The stock remains cheapest in the broker's gold coverage, reflecting the past underperformance. Absent consistent execution, Ord Minnett suspects the stock could emerge as an attractive M&A target, given the underlying quality of its asset base. Buy rating. Target is raised to $5.05 from $4.90.

FORECAST
Ord Minnett forecasts a full year FY27 EPS of 35.30 cents.
Ord Minnett forecasts a full year FY28 EPS of 52.30 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

26/10/2026

1

Speculative Buy

$4.55

63.67%

Canaccord Genuity maintains a Speculative Buy rating for Pantoro Gold with a $4.55 target price following September quarter production results.

Production reached 21.9koz alongside an all-in sustaining cost of $3,860 per ounce, while cash and gold reserves increased by $17m to $240m.

Management reaffirmed FY27 production guidance of 90koz-105koz at all-in sustaining costs of $2,800 to $3,400 per ounce.

Canaccord Genuity's estimates incorporate revised September quarter metrics, adjusting FY27 production forecasts to 97koz.

The analyst notes strong medium-term growth potential driven by underground development and Racetrack exploration results.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 29.00 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 0.00 cents and EPS of 72.00 cents.
Access Extra Coverage Research History >

PNR STOCK CHART

FNArena News on PNR

1
Australian Broker Call *Extra* Edition – Oct 26, 2026

Oct 26 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Oct 23, 2026

Oct 23 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Oct 19, 2026

Oct 19 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Oct 01, 2026

Oct 01 2026 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Sep 30, 2026

Sep 30 2026 - Daily Market Reports

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