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A statement released earlier today by numis about Pan African Resources (LON:PAF) bumps the target price to 34.00GBX

Stating a possible upside of 0.49%, numis upped the target stock price of Pan African Resources (LON:PAF) to 34GBX.

Previously on 7/20/2016, numis released a statement for Pan African Resources(LON:PAF) bumped the target price from 0.00GBX to 34.00GBX that suggested an upside of 0.60%.

Showing a price of 22.75GBX, Pan African Resources (LON:PAF) traded 0.00% even on the day. With the last close up 1.49% from the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same time period. Pan African Resources has registered a 50-day average of 20.64GBX and 200-day moving average of 17.00GBX. Trade volume was was down over the average, with 1,344,072 shares of PAF changing hands under the typical 3,326,530 shares.

Performance Graphic:

Pan African Resources (LON:PAF)

Pan African Resources has a price-earnings of 19 with a one-year low of 6.72GBX and a 52 week high of 24.50GBX. The company’s total market value is currently 0.0 GBX.

A total of 7 brokers have reported on the company. Three firms rate the stock a strong buy, three analysts rate the stock a buy, 0 firms rate the company a hold, one brokerage rate the stock to underperform, and lastly 0 analystsrate the company as sell with an average target price of 16.13GBX

More About Pan African Resources (LON:PAF)

Pan African Resources PLC (Pan African) is a South-Africa based gold mining and exploration Company. The Company focuses on exploitation of high grade ore-bodies that yield high margins with a low cash cost base through experienced management teams. The Company’s operations include Barberton, The Barberton Tailings Retreatment Project (BTRP), Evander Gold Mines and Phoenix Platinum Project. Barberton is Pan African’s flagship gold project, producing 115, 000 ounce (oz) per year. The mining complex consists of three mines: Fairview, New Consort and Sheba. Located adjacent to the Bramber tailings storage is the BTRP at the Fairview Mine, which is the result of a metallurgical test work carried out on the Bramber tailings dam. Pan African concluded the acquisition of Evander Gold Mines from Harmony. Evander is a world class ore body which produces 95, 000oz of gold per annum. Lastly, and the Phoenix Platinum Project is Pan African’s first move into Platinum.

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