Pan African Resources (LON:PAF) Trading Up 9.9% – Should You Buy?

Shares of Pan African Resources PLC (LON:PAFGet Free Report) shot up 9.9% during trading on Wednesday . The company traded as high as GBX 160.40 and last traded at GBX 160.20. 8,635,302 shares changed hands during trading, a decline of 62% from the average session volume of 23,019,322 shares. The stock had previously closed at GBX 145.80.

Pan African Resources News Summary

Here are the key news stories impacting Pan African Resources this week:

Analyst Ratings Changes

A number of research firms have commented on PAF. Canaccord Genuity Group lifted their target price on Pan African Resources from GBX 135 to GBX 160 and gave the company a “buy” rating in a research report on Thursday, February 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 154 price objective on shares of Pan African Resources in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 157.

View Our Latest Analysis on Pan African Resources

Pan African Resources Trading Up 9.9%

The business has a fifty day simple moving average of GBX 127.72 and a 200 day simple moving average of GBX 98.70. The stock has a market cap of £3.25 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 8.95 and a beta of 0.89. The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.74 and a current ratio of 0.78.

Pan African Resources Company Profile

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