Pan African Resources (LON:PAF) Sets New 52-Week High at $29.78

Pan African Resources PLC (LON:PAF)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 29.78 ($0.38) and last traded at GBX 29.50 ($0.38), with a volume of 3293201 shares. The stock had previously closed at GBX 28.65 ($0.37).

Analyst Upgrades and Downgrades

PAF has been the topic of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 31 ($0.40) price target on shares of Pan African Resources in a report on Monday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 38 ($0.49) price target on shares of Pan African Resources in a report on Monday.

Pan African Resources Stock Performance

The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 28.41. The firm’s fifty day moving average price is GBX 26.24 and its two-hundred day moving average price is GBX 22.81. The stock has a market capitalization of £571.20 million, a PE ratio of 983.33, a price-to-earnings-growth ratio of 8.95 and a beta of 0.67.

Pan African Resources Company Profile

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company's flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.