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Pan African Resources PLC (LON:PAF) target price lowered to 24.00GBX, reported today by HSBC

Just yesterday Pan African Resources PLC (LON:PAF) traded 1.20% higher at 21.00GBX. Pan African Resources PLC’s 50-day moving average is 20.32GBX and its 200-day moving average is 17.20GBX. The last closing price is up 22.09% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 551,604 shares of PAF traded hands, down from an average trading volume of 3,384,540

Pan African Resources PLC (LON:PAF) had its price target dropped to 24.00GBX by HSBC in an issued report announced 9/23/2016. The latest stock price target implies a possible upside of 0.14% from the company's previous closing price.

Previously on Thursday September 22, 2016, Numis reported on Pan African Resources PLC (LON:PAF) increased the target price from 0.00GBX to 35.00GBX. At the time, this indicated a possible upside of 0.71%.

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 23.33 and has a market capitalization of 0 GBX.

In addition to HSBC reporting its stock price target, a total of 7 analysts have released a report on the company. The average stock price target is 16.13GBX with three equity analysts rating the company a strong buy, three firms rating the stock a buy, 0 brokerages rating the stock a hold, 1 broker rating the stock a underperform, and finally zero analysts rating the company a sell.

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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