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Numis announced Pan African Resources PLC (LON:PAF), keeping its stock price target at 35.00GBX today

Just yesterday Pan African Resources PLC (LON:PAF) traded -1.23% lower at 20.13GBX. Pan African Resources PLC’s 50-day moving average is 19.39GBX and its 200-day moving average is 17.87GBX. The last closing price is up 11.93% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 29,746 shares of PAF traded hands, down from an average trading volume of 2,929,340

In a report released on 10/11/2016 Numis hold steady the stock price target of Pan African Resources PLC (LON:PAF) from 35.00GBX to 35.00GBX reporting a possible upside of 0.74%.

Previously on Friday September 23, 2016, HSBC reported on Pan African Resources PLC (LON:PAF) reduced the target price from 28.00GBX to 24.00GBX. At the time, this indicated a possible upside of 0.14%.

Recent Performance Chart

Pan African Resources PLC (LON:PAF)

Pan African Resources PLC has 52 week low of 6.72GBX and a 52 week high of 24.50GBX with a PE ratio of 14.29 and has a market capitalization of 0 GBX.

In addition to Numis reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is 16.13GBX with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 0 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Pan African Resources PLC (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, the Phoenix Platinum Project is Pan African's first move into Platinum.

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