PANTORO GOLD LIMITED (PNR)
Share Price Analysis and Chart

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PNR

PNR - PANTORO GOLD LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.42
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.45

19 Mar
2026

-0.440

OPEN

$3.80

-11.31%

HIGH

$3.80

4,866,225

LOW

$3.43

TARGET
$6.67 93.3% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
PNR: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 14.8 53.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 6.2 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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx14.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx357.3 M
Book Value Per Share xxxxxxxxxxxxxxx129.7
Net Operating Cash Flow xxxxxxxxxxxxxxx182.0 M
Net Profit Margin xxxxxxxxxxxxxxx15.86 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx12.28 %
Return on Invested Capital xxxxxxxxxxxxxxx11.32 %
Return on Assets xxxxxxxxxxxxxxx9.04 %
Return on Equity xxxxxxxxxxxxxxx12.28 %
Return on Total Capital xxxxxxxxxxxxxxx15.28 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx96.3 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx29 M
Long Term Debt xxxxxxxxxxxxxxx49 M
Total Debt xxxxxxxxxxxxxxx78 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx152 M
Price To Book Value xxxxxxxxxxxxxxx2.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx106.7 M
Capex % of Sales xxxxxxxxxxxxxxx29.87 %
Cost of Goods Sold xxxxxxxxxxxxxxx262 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx14 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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

12/03/2026

1

Buy

$6.53

89.28%

Pantoro Gold delivered a first half result where revenue was up 56% and broadly in line with Morgans, yet production was downgraded. Updated production forecast of 86-92,000 ounces is considerably lower than expected (previously 100-110,000).

The downgrade reflects rainfall disruptions from ex Tropical Cyclone Mitchell and labour availability constraints. The broker is disappointed with the guidance downgrade while the continued sporadic production at Norseman is becoming a concern.

Recent share price weakness has reset the valuation entry point, and with gold prices elevated, the broker still assesses the leverage to spot prices is significant for an unhedged and debt-free producer.

Buy rating retained. Target is reduced to $6.53 from $6.83.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 54.00 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 75.00 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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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

3

xxxx

$xx.xx

xx.xx%

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Canaccord Genuity

16/03/2026

1

Speculative Buy

$7.25

110.14%

Pantoro Gold reported 1H FY26 earnings (EBITDA) of $135.5m and profit of $56m, with profit below Canaccord Genuity expectation for $74m due to higher depreciation and tax.

Pantoro ended the half with cash and bullion of $216.5m and no debt, while remaining fully exposed to spot gold prices, highlight the analysts.

FY26 production guidance was lowered to 86koz-92koz from 100koz-110koz following heavy rainfall disruptions and operational interruptions.

Canaccord Genuity cuts its target price to $7.25 from $7.45 and retains a Speculative Buy rating.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 39.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 83.00 cents.
Access Extra Coverage Research History >

PNR STOCK CHART

FNArena News on PNR

1
Gold’s Outlook No Longer Straightforward

Mar 19 2026 - Commodities
2
FNArena Corporate Results Monitor – 18-03-2026

Mar 18 2026 - Australia
3
Australian Broker Call *Extra* Edition – Mar 16, 2026

Mar 16 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Mar 02, 2026

Mar 02 2026 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 06-02-26

Feb 09 2026 - Weekly Reports

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