Pan African Resources plc Given “Buy” Rating at Canaccord Genuity (PAF)
Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a research report issued on Monday. They currently have a GBX 18 ($0.30) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 20.02% from the company’s current price.
Shares of Pan African Resources plc (LON:PAF) opened at 14.50 on Monday. 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 14.84 and its 200-day moving average is GBX 14.78. The company’s market cap is £265.1 million.
Separately, analysts at FinnCap reiterated a “corporate” rating on shares of Pan African Resources plc in a research note on Friday. They now have a GBX 15.50 ($0.26) price target on the stock, down previously from GBX 18.80 ($0.31). One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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