Peel Hunt disclosed Pan African Resources PLC (LON:PAF), supporting its price target at 26.00GBX earlier today
- Updated: September 25, 2016
Reporting as potential upside of 0.36%, Peel Hunt hold steady the price target of Pan African Resources PLC (LON:PAF) at 26.00GBX
On 8/03/2016, numis released a statement about Pan African Resources PLC (LON:PAF) upped the target price from 0.00GBX to 34.00GBX that suggested an upside of 0.49%.
Having a price of 19.13GBX, Pan African Resources PLC (LON:PAF) traded 1.20% higher on the day. With the last stock price up 21.90% from the two hundred day average, compared with 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
Recent Performance Chart
Pan African Resources PLC has PE ratio of 15.00 with a one year low of 6.72GBX and a one year high of 24.50GBX and has a market capitalization of 0 GBX.
A total of 7 brokerages have issued a ratings update on Pan African Resources PLC. Three brokerages rating the company a strong buy, three brokerages rating the company a buy, zero brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of 16.13GBX.
General Company Details For 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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