Pan African Resources plc (PAF) Given Buy Rating at Numis Securities Ltd
PAF has been the subject of several other research reports. Peel Hunt reissued a buy rating and issued a GBX 26 ($0.32) price target on shares of Pan African Resources plc in a research note on Wednesday, September 21st. HSBC reissued a buy rating and issued a GBX 24 ($0.30) price target (down previously from GBX 28 ($0.35)) on shares of Pan African Resources plc in a research note on Friday, September 23rd.
Pan African Resources plc (LON:PAF) traded down 2.67% during trading on Friday, hitting GBX 18.25. The stock had a trading volume of 850,732 shares. The stock has a 50 day moving average of GBX 20.41 and a 200 day moving average of GBX 19.08. Pan African Resources plc has a one year low of GBX 6.72 and a one year high of GBX 24.50. The firm’s market capitalization is GBX 275.00 million.
The business also recently announced a dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th will be issued a GBX 0.88 ($0.01) dividend. This represents a dividend yield of 4.28%. The ex-dividend date is Thursday, December 8th. This is a positive change from Pan African Resources plc’s previous dividend of $0.54.
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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