Pan African Resources plc (PAF) Receives “Buy” Rating from Numis Securities Ltd
Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating restated by research analysts at Numis Securities Ltd in a note issued to investors on Thursday. They presently have a GBX 35 ($0.46) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 81.82% from the company’s previous close.
A number of other equities analysts also recently weighed in on the company. Peel Hunt upped their price target on Pan African Resources plc from GBX 17 ($0.22) to GBX 26 ($0.34) and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. FinnCap reaffirmed a “hold” rating and set a GBX 15 ($0.20) price target on shares of Pan African Resources plc in a research report on Wednesday, June 15th.
Shares of Pan African Resources plc (LON:PAF) opened at 20.75 on Thursday. The firm’s market cap is GBX 380.04 million. The stock has a 50 day moving average of GBX 20.35 and a 200 day moving average of GBX 17.18. Pan African Resources plc has a 52 week low of GBX 6.72 and a 52 week high of GBX 24.50.
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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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