Peel Hunt Reiterates Buy Rating for Pan African Resources plc (PAF)
Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research note issued to investors on Wednesday. They presently have a GBX 26 ($0.34) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 40.54% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Numis Securities Ltd reiterated a ” buy” rating on shares of Pan African Resources plc in a research report on Wednesday, July 20th. FinnCap reiterated a “hold” rating and set a GBX 15 ($0.20) target price on shares of Pan African Resources plc in a research report on Wednesday, June 15th.
Shares of Pan African Resources plc (LON:PAF) traded up 5.043% during midday trading on Wednesday, hitting GBX 19.433. 5,159,108 shares of the stock traded hands. Pan African Resources plc has a 52 week low of GBX 6.72 and a 52 week high of GBX 24.50. The firm has a 50-day moving average price of GBX 20.43 and a 200-day moving average price of GBX 17.13. The stock’s market capitalization is GBX 355.91 million.
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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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