Numis reported on Pan African Resources PLC (LON:PAF), bumping up its stock price target to 35.00GBX earlier today
- Updated: September 21, 2016
In a statement issued on 9/22/2016 Numis upped the target price of Pan African Resources PLC (LON:PAF) to 35.00GBX indicating a possible upside of 0.71%.
On 09/21/2016, Peel Hunt released a statement on Pan African Resources PLC (LON:PAF) held steady the target price at 26.00GBX. At the time, this indicated a possible upside of 0.36%.
Boasting a price of 20.50GBX, Pan African Resources PLC (LON:PAF) traded 3.64% higher on the day. The last stock close price is up 11.92% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. PAF has recorded a 50-day average of 20.43GBX and a 200-day moving average of 17.13GBX. 4,670,916 shares of the stock were exchanged, up from an avg. volume of 3,277,870
Pan African Resources PLC has a 52 week low of 6.72GBX and a 52 week high of 24.50GBX with a price-earnings ratio of 21.30 PAF’s total market value is presently 0 GBX.
A total of 7 analysts have released a report on Pan African Resources PLC. 3 equity analysts rating the company a strong buy, three firms rating the stock a buy, zero equity analysts rating the company a hold, 1 broker rating the stock a underperform, and finally 0 firms rating the company a sell with a 12-month price target of 16.13GBX.
Brief Synopsis About 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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