Pan African Resources plc’s (PAF) Buy Rating Reiterated at Numis Securities Ltd
Numis Securities Ltd reaffirmed their buy rating on shares of Pan African Resources plc (LON:PAF) in a research report sent to investors on Tuesday. They currently have a GBX 35 ($0.43) price target on the stock.
Other equities research analysts have also issued reports about the company. FinnCap restated a hold rating and set a GBX 15 ($0.19) price target on shares of Pan African Resources plc in a research report on Wednesday, June 15th. Peel Hunt increased their price target on Pan African Resources plc from GBX 17 ($0.21) to GBX 26 ($0.32) and gave the stock a buy rating in a research report on Wednesday, August 3rd. Finally, HSBC restated a buy rating and set a GBX 24 ($0.30) price target (down from GBX 28 ($0.35)) on shares of Pan African Resources plc in a research report on Friday, September 23rd.
Shares of Pan African Resources plc (LON:PAF) opened at 20.375 on Tuesday. The stock’s 50 day moving average price is GBX 19.37 and its 200-day moving average price is GBX 17.94. Pan African Resources plc has a 12 month low of GBX 6.72 and a 12 month high of GBX 24.50. The firm’s market capitalization is GBX 364.99 million.
The company also recently disclosed a dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 8th will be given a GBX 0.88 ($0.01) dividend. This represents a yield of 4.28%. This is a positive change from Pan African Resources plc’s previous dividend of $0.54. The ex-dividend date of this dividend is Thursday, December 8th.
Pan African Resources plc Company Profile
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.
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