Pan African Resources PLC (LON:PAF) announced a dividend on Wednesday, September 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 2nd will be paid a dividend of GBX 0.92 ($0.01) per share on Tuesday, December 14th. This represents a dividend yield of 5.32%. The ex-dividend date is Thursday, December 2nd. This is an increase from Pan African Resources’s previous dividend of $0.65. The official announcement can be viewed at this link.
Shares of LON:PAF opened at GBX 17 ($0.22) on Wednesday. The company has a market cap of £327.82 million and a price-to-earnings ratio of 6.83. The firm’s 50-day simple moving average is GBX 16.57 and its 200-day simple moving average is GBX 17.71. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 38.05. Pan African Resources has a fifty-two week low of GBX 15.21 ($0.20) and a fifty-two week high of GBX 27.10 ($0.35).
Separately, Berenberg Bank boosted their price objective on shares of Pan African Resources from GBX 27 ($0.35) to GBX 29 ($0.38) and gave the stock a “buy” rating in a report on Wednesday, July 7th.
Pan African Resources PLC engages in the exploration of precious metals in South Africa. Its principal property is the Barberton gold project that consists of three underground mines, including Fairview, Sheba, and New Consort located in the Mpumalanga Province, as well as holds interests in Evander mines.
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