Canaccord Genuity Reiterates Buy Rating for Pan African Resources plc (PAF)
Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday, American Banking and Market News reports. They currently have a GBX 16 ($0.26) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 14.29% from the stock’s previous close.
Shares of Pan African Resources plc (LON:PAF) opened at 14.415 on Wednesday. Pan African Resources plc has a 1-year low of GBX 11.525 and a 1-year high of GBX 20.00. The stock has a 50-day moving average of GBX 13.06 and a 200-day moving average of GBX 13.84. The company’s market cap is £263.5 million.
Pan African Resources PLC (LON:PAF) is engaged in gold mining and exploration activities.
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