Pan African Resources (LON:PAF) Trading 9.9% Higher – Time to Buy?

Pan African Resources PLC (LON:PAFGet Free Report) was up 9.9% during mid-day trading on Thursday . The stock traded as high as GBX 160.40 and last traded at GBX 160.20. Approximately 8,635,302 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 23,019,322 shares. The stock had previously closed at GBX 145.80.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 154 price target on shares of Pan African Resources in a research note on Monday, February 9th. Canaccord Genuity Group increased their target price on Pan African Resources from GBX 135 to GBX 160 and gave the company a “buy” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 157.

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Pan African Resources Price Performance

The firm has a market capitalization of £3.38 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The stock’s 50 day simple moving average is GBX 130.67 and its two-hundred day simple moving average is GBX 100.26. The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.74 and a current ratio of 0.78.

About Pan African Resources

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Further Reading

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