Pan African Resources plc (PAF) Earns Buy Rating from Peel Hunt
Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating restated by Peel Hunt in a report released on Wednesday. They currently have a GBX 26 ($0.34) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 40.54% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Numis Securities Ltd reaffirmed a ” buy” rating on shares of Pan African Resources plc in a research note on Wednesday, July 20th. FinnCap reissued a “hold” rating and issued a GBX 15 ($0.20) price objective on shares of Pan African Resources plc in a research note on Wednesday, June 15th.
Pan African Resources plc (LON:PAF) opened at 19.25 on Wednesday. The firm’s market cap is GBX 352.56 million. Pan African Resources plc has a 52 week low of GBX 6.72 and a 52 week high of GBX 24.50. The firm’s 50-day moving average is GBX 20.43 and its 200-day moving average is GBX 17.13.
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About Pan African Resources plc
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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