Pan African Resources (LON:PAF) Shares Down 10.6% After Analyst Downgrade

Posted by Amy Steele on Jun 3rd, 2026

Pan African Resources PLC (LON:PAF – Get Free Report)’s share price traded down 10.6% during trading on Monday after Berenberg Bank lowered their price target on the stock from GBX 165 to GBX 153. Berenberg Bank currently has a buy rating on the stock. Pan African Resources traded as low as GBX 123.10 and last traded at GBX 123.10. 3,997,716 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 30,241,848 shares. The stock had previously closed at GBX 137.70.

Separately, Canaccord Genuity Group increased their price target 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. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pan African Resources currently has an average rating of “Buy” and an average target price of GBX 156.50.

Get Our Latest Stock Analysis on Pan African Resources

Insider Transactions at Pan African Resources

In other Pan African Resources news, insider Keith Spencer sold 1,000,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 157, for a total transaction of £1,570,000. 2.15% of the stock is owned by insiders.

Pan African Resources Stock Performance

The business has a 50 day moving average of GBX 144.68 and a 200-day moving average of GBX 134.98. The company has a market capitalization of £2.31 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 8.95 and a beta of 0.78. The company has a debt-to-equity ratio of 20.15, a quick ratio of 0.74 and a current ratio of 0.98.