Peel Hunt disclosed Pan African Resources PLC (LON:PAF), bumping up its stock price target to 27.00GBX earlier today
- Updated: September 24, 2016
Peel Hunt bumped up the target of Pan African Resources PLC (LON:PAF) to 27.00GBX stating a potential upside of 0%.
On 9/21/2016, Peel Hunt released a statement for Pan African Resources PLC (LON:PAF) maintained the target price at 26.00GBX that suggested an upside of 0.36%.
Boasting a price of 0.00GBX, Pan African Resources PLC (LON:PAF) traded 1.20% higher on the day. The last stock price is down 21.90% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PAF has recorded a 50-day average of 20.28GBX and a two hundred day average of 17.23GBX. Trade Volume was down over the average, with 3,208,015 shares of PAF changing hands under the typical 3,382,360
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Pan African Resources PLC has a P/E ratio of 15.00 with a 52 week low of 6.72GBX and a one year high of 24.50GBX PAF’s total market value is currently 0 GBX.
In addition to Peel Hunt 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.
General Information 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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