Pan African Resources (LON:PAF) Trading Up 6.4% – What’s Next?

Pan African Resources PLC (LON:PAF)’s stock price rose 6.4% on Wednesday . The stock traded as high as GBX 124.30 and last traded at GBX 121.96. Approximately 9,129,342 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 24,531,916 shares. The stock had previously closed at GBX 114.60.

Wall Street Analysts Forecast Growth

PAF has been the subject of a number of recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 153 price objective on shares of Pan African Resources in a research report on Friday, September 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 155 target price on shares of Pan African Resources in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 156.

Pan African Resources Price Performance

The company has a 50 day moving average price of GBX 112.76 and a 200 day moving average price of GBX 126.76. The firm has a market cap of £2.65 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 8.95 and a beta of 0.74. The company has a current ratio of 1.47, a quick ratio of 0.74 and a debt-to-equity ratio of 5.71.

About Pan African Resources