Pan African Resources plc’s (PAF) Buy Rating Reaffirmed at Numis Securities Ltd
Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating reiterated by equities research analysts at Numis Securities Ltd in a research report issued on Tuesday. They presently have a GBX 35 ($0.43) price objective on the stock. Numis Securities Ltd’s price objective points to a potential upside of 72.84% from the company’s previous close.
A number of other brokerages also recently commented on PAF. FinnCap reaffirmed a “hold” rating and issued a GBX 15 ($0.19) price target on shares of Pan African Resources plc in a report on Wednesday, June 15th. Peel Hunt reissued a “buy” rating and issued a GBX 26 ($0.32) price objective on shares of Pan African Resources plc in a research note on Wednesday, September 21st. Finally, HSBC reissued a “buy” rating and issued a GBX 24 ($0.30) price objective (down previously from GBX 28 ($0.35)) on shares of Pan African Resources plc in a research note on Friday, September 23rd.
Shares of Pan African Resources plc (LON:PAF) opened at 20.00 on Tuesday. Pan African Resources plc has a 12 month low of GBX 6.72 and a 12 month high of GBX 24.50. The stock has a 50 day moving average price of GBX 19.39 and a 200-day moving average price of GBX 17.87. The company’s market capitalization is GBX 358.27 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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