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.

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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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