Pan African Resources plc (LON:PAF) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 11 ($0.14) and last traded at GBX 10.40 ($0.14), with a volume of 1802724 shares traded. The stock had previously closed at GBX 10.52 ($0.14).

A number of research firms have recently issued reports on PAF. Peel Hunt reduced their price target on shares of Pan African Resources from GBX 16 ($0.21) to GBX 14 ($0.18) and set a “buy” rating for the company in a research report on Tuesday, November 20th. Numis Securities reissued a “buy” rating and issued a GBX 16 ($0.21) price target on shares of Pan African Resources in a research report on Friday, February 1st.

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Pan African Resources Company Profile (LON:PAF)

Pan African Resources PLC engages in the exploration of precious metals in South Africa. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company segments. The company primarily explores gold ores, platinum-group elements, and coal. Its principal property is the Barberton gold project that consists of three mines, including Fairview, New Consort, and Sheba located in the Mpumalanga Province.

Further Reading: Return on Equity (ROE)

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