Pan African Resources plc (PAF) Receives Buy Rating from Numis Securities Ltd
Numis Securities Ltd reissued their buy rating on shares of Pan African Resources plc (LON:PAF) in a research note published on Tuesday. They currently have a GBX 35 ($0.43) price objective on the stock.
A number of other equities analysts have also commented on the stock. HSBC reaffirmed a buy rating and set a GBX 24 ($0.30) price target (down from GBX 28 ($0.35)) on shares of Pan African Resources plc in a research report on Friday, September 23rd. Peel Hunt reaffirmed a buy rating and set a GBX 26 ($0.32) price target on shares of Pan African Resources plc in a research report on Wednesday, September 21st. Finally, FinnCap reaffirmed a hold rating and set a GBX 15 ($0.19) price target on shares of Pan African Resources plc in a research report on Wednesday, June 15th.
Pan African Resources plc (LON:PAF) traded up 3.85% during midday trading on Tuesday, hitting GBX 20.25. 572,496 shares of the company traded hands. Pan African Resources plc has a 12-month low of GBX 6.72 and a 12-month high of GBX 24.50. The firm’s market capitalization is GBX 362.75 million. The stock’s 50-day moving average is GBX 19.39 and its 200-day moving average is GBX 17.91.
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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