Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They presently have a GBX 35 ($0.43) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 75.00% from the company’s current price.
Other equities analysts also recently issued reports about the company. FinnCap restated a “hold” rating and issued a GBX 15 ($0.19) price target on shares of Pan African Resources plc in a research note on Wednesday, June 15th. Peel Hunt raised their price target on Pan African Resources plc from GBX 17 ($0.21) to GBX 26 ($0.32) and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Finally, HSBC restated a “buy” rating and issued a GBX 24 ($0.30) price target (down from GBX 28 ($0.35)) on shares of Pan African Resources plc in a research note on Friday, September 23rd.
Shares of Pan African Resources plc (LON:PAF) opened at 20.2188 on Tuesday. The firm has a 50 day moving average price of GBX 19.37 and a 200 day moving average price of GBX 17.92. The company’s market capitalization is GBX 362.19 million. Pan African Resources plc has a 52 week low of GBX 6.72 and a 52 week high of GBX 24.50.
Pan African Resources plc Company Profile
Pan African Resources PLC (Pan African) is a South-Africa based gold mining and exploration Company. The Company focuses on exploitation of high grade ore-bodies that yield high margins with a low cash cost base through experienced management teams. The Company’s operations include Barberton, The Barberton Tailings Retreatment Project (BTRP), Evander Gold Mines and Phoenix Platinum Project.
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