Pan African Resources plc (LON:PAF) insider Cobus Loots bought 200,000 shares of Pan African Resources plc stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of GBX 1,275 ($16.91) per share, for a total transaction of £2,550,000 ($3,382,411.46).

Shares of Pan African Resources plc (LON PAF) opened at 12.75 on Tuesday. Pan African Resources plc has a 52 week low of GBX 12.25 and a 52 week high of GBX 22.50. The firm’s market capitalization is GBX 199.45 million. The company’s 50 day moving average price is GBX 13.84 and its 200-day moving average price is GBX 14.70.

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Several equities research analysts have recently commented on the stock. Numis Securities Ltd reiterated a “buy” rating and set a GBX 28 ($0.37) price target on shares of Pan African Resources plc in a research report on Thursday, September 21st. Peel Hunt restated a “buy” rating and issued a GBX 20 ($0.27) price objective on shares of Pan African Resources plc in a report on Wednesday, September 20th. FinnCap restated a “buy” rating and issued a GBX 24 ($0.32) price objective on shares of Pan African Resources plc in a report on Tuesday, September 12th. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Pan African Resources plc in a research note on Monday, June 26th. Four research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of GBX 22.25 ($0.30).

About Pan African Resources plc

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