FinnCap Reiterates “Corporate” Rating for Pan African Resources plc (PAF)
Pan African Resources plc (LON:PAF)‘s stock had its “corporate” rating reiterated by stock analysts at FinnCap in a report issued on Friday. They currently have a GBX 15.50 ($0.26) price objective on the stock, down from their previous price objective of GBX 18.80 ($0.31). FinnCap’s price objective points to a potential upside of 5.07% from the company’s current price.
Shares of Pan African Resources plc (LON:PAF) traded down 5.08% during mid-day trading on Friday, hitting GBX 14.00. 2,135,560 shares of the company’s stock traded hands. Pan African Resources plc has a 52 week low of GBX 12.00 and a 52 week high of GBX 16.75. The stock’s 50-day moving average is GBX 14.83 and its 200-day moving average is GBX 14.78. The company’s market cap is £255.9 million.
Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pan African Resources plc in a research note on Thursday, July 31st. They now have a GBX 18 ($0.30) price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 15.13 ($0.25).
Pan African Resources PLC (LON:PAF) is engaged in gold mining and exploration activities.
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