Pan African Resources plc (PAF) Receives “Hold” Rating from FinnCap
FinnCap reaffirmed their hold rating on shares of Pan African Resources plc (LON:PAF) in a research note issued to investors on Thursday. The firm currently has a GBX 24 ($0.29) price target on the stock.
PAF has been the topic of several other research reports. Numis Securities Ltd reissued a buy rating on shares of Pan African Resources plc in a research note on Friday, November 18th. Peel Hunt decreased their target price on shares of Pan African Resources plc from GBX 27 ($0.33) to GBX 18 ($0.22) and set a buy rating for the company in a report on Thursday, January 5th. Finally, HSBC reaffirmed a buy rating and issued a GBX 24 ($0.29) target price (down from GBX 28 ($0.34)) on shares of Pan African Resources plc in a report on Friday, September 23rd.
Pan African Resources plc (LON:PAF) traded down 1.56% during midday trading on Thursday, hitting GBX 15.75. 1,270,499 shares of the company were exchanged. The stock has a 50 day moving average of GBX 16.38 and a 200 day moving average of GBX 19.35. Pan African Resources plc has a 1-year low of GBX 8.24 and a 1-year high of GBX 24.50. The firm’s market capitalization is GBX 237.33 million.
TRADEMARK VIOLATION WARNING: This story was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright legislation. The correct version of this story can be viewed at http://www.dailypolitical.com/2017/01/13/pan-african-resources-plc-paf-receives-hold-rating-from-finncap.html.
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.
Receive News & Ratings for Pan African Resources plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan African Resources plc and related companies with MarketBeat.com's FREE daily email newsletter.